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Technology Holdings advises Chamonix IT, a leading Digital Engineering company, on its strategic sale to Synechron

Jun 2024
Has been acquired by

Digital Engineering

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Technology Holdings advises Chamonix IT, a leading Digital Engineering company, on its strategic sale to Synechron
Seller Chamonix IT
Buyer Synechron
Focus Sector Digital Engineering
Date June 2024

Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Chamonix IT, one of the largest independent Digital Transformation consultancies in Australia, to Synechron.

quote We are incredibly grateful for the invaluable guidance and expertise provided by the Technology Holdings team as part of this process. They truly understood our business, and their deep understanding of the Digital Transformation, AI and Analytics space enabled them to provide valuable feedback and insights. We really enjoyed working with their team, who were extremely diligent, knowledgeable and always available to help and support us, essentially becoming an extension of our team. TH’s strong global buyer relationships were vital in identifying Synechron as the ideal strategic partner and their guidance and support were monumental in navigating us throughout the journey.
Scott Grigg CEO, Chamonix IT

Established in 2010, Chamonix IT is headquartered in Adelaide, Australia with offices in Melbourne and Brisbane. Chamonix IT has key capabilities across leading technology platforms such as Microsoft, and has been pivotal in delivering cutting-edge solutions that address complex challenges and drive significant outcomes for enterprise-level and public sector clients.

With the acquisition of Chamonix IT, Synechron will strengthen their Digital Transformation capabilities. It also extends Synechron’s reach across Australia, establishing a presence in key hubs and unlocking new industries and clients. The acquisition of Chamonix IT reflects Synechron’s continued investment to help businesses in Australia respond to rapid changes in the Digital Transformation space.

Scott Grigg, CEO of Chamonix IT, said, “Joining forces with Synechron is a significant milestone for us. Our shared dedication to excellence and innovation means we’re exceptionally positioned to offer transformative digital solutions that are second to none.”

Vivek Subramanyam, Founder and CEO of Technology Holdings said, “We are excited to announce this landmark ANZ deal – our 45th transaction in the Digital Transformation space globally. The transaction highlights Technology Holdings’ extensive expertise and proven capabilities in the Digital Transformation and Digital Engineering space. We wish Chamonix IT every success in this strategic partnership with Synechron.”

Simon Croft, ACA, Associate Director, ANZ at Technology Holdings added, “We are delighted with the outcome achieved for Chamonix IT and it has been a pleasure working with and advising Scott on the strategic sale. This represents our 8th transaction in the ANZ region, further demonstrating the strong interest that we’re seeing from large global technology acquirers to increase their presence throughout the ANZ region.”

Group 9
Transactions
Group 9
Jun 2024
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Digital Engineering

View Transaction Details
Technology Holdings advises Chamonix IT, a leading Digital Engineering company, on its strategic sale to Synechron
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