The aquistion totaled 1.8MAUD, being 1.3MAUD cash and remainider in ordinary stock shares. The cash component will be funded from existing cash reserves and the acquisition price represents 4.2 times Milcom's earings for the FY2005.
Milcom (North Ryde, Sydney) has delivered training services to the communications and utilities sectors for the last 15 years, and is a qualified RTO (Registered Training Organisation).
About Service Stream Limited
Service Stream is a public company listed on the Australian Securities Exchange (Code: SSM). The Service Stream Group is a provider of essential network services to the telecommunications, energy and water industries. Service Stream operates out of more than 40 locations nationwide and maintains a workforce of around 3,000 employees and contractors. For more information please visit www.servicestream.com.au.
Service Stream Limited