• Acquisition of 100% of Delta Elcom, a specialist in data centre infrastructure and electrical solutions
• Consideration of $13.75 million to $15 million, including $11.75 million completion payment and $2 million in new SKS shares
• Acquisition to accelerate SKS Technologies' market share in the largest data centre market in Australia

SKS Technologies Group Limited (ASX: SKS) is pleased to inform the market of its intention to acquire 100% of the business and assets of Delta Elcom, a specialist in data centre infrastructure and electrical solutions based in Sydney, NSW. SKS Technologies Chief Executive Officer, Matthew Jinks, stated that the acquisition is an advantageous strategic and cultural fit, with similarities in the types of projects undertaken, skills, capabilities, systems and services, customer overlay, and team commitment to project excellence. Delta Elcom is a specialist electrical and communications contractor delivering end-to-end solutions for complex infrastructure projects and has annual revenues of approximately $25 million. The company has extensive experience in data centre construction, network cabling, and integrated technology systems, providing design, installation, and maintenance services for clients across commercial, industrial, and mission-critical environments throughout Australia. The consideration for the acquisition will comprise a package of between $13.75 million and $15 million, including a completion payment of $11.75 million, the issue of $2 million of new fully-paid ordinary SKS Technologies shares on completion, and an earnout payment capped at $1.25 million relating to calendar year 2026 performance. The transaction is expected to be completed by 12 January 2026, and Mark Brame, the current Managing Director of Delta Elcom, will become SKS Technologies' NSW General Manager, retaining his team to lead existing and new projects.

The New South Wales data centre market offers significant long-term growth driven by digital infrastructure expansion and unabating hyperscale investment. Acquiring Delta Elcom positions SKS Technologies to capitalise on this momentum by combining its specialist delivery capability and client relationships with SKS's national scale and technical strength to accelerate market reach and penetration, and earnings growth in future years.