SGA Solutions , an integrated IT security specialist, announced on the 29th that it will acquire Creon Unity, a financial IT operation specialist, through an investment association in which its subsidiaries Axis Investment and IBK Venture Investment participated as joint representative managers.
This acquisition is significant because it adds a business with stable revenue and cash flow to SGA Solutions' existing security-focused business portfolio. With Creon Unity's maintenance-focused revenue structure reflected in earnings, the group's external growth and earnings stability are expected to be strengthened simultaneously.
IBK Venture Investment, a venture capital firm affiliated with IBK Financial Group, participated in the transaction and jointly managed the entire process, from designing the investment structure to executing the acquisition and implementing post-acquisition corporate value enhancement strategies. The company expects this will enhance the execution of its post-acquisition integration and growth strategies.
As a strategic investor, SGA Solutions plans to build a foundation for revenue growth by combining its network of financial and public sector customers and project execution experience accumulated through its security business with Creon Unity's IT operations capabilities.
Creon Unity has been distributing and maintaining IT devices for the financial sector for approximately 30 years, maintaining the leading market share in the domestic financial IT operations market. Last year, it recorded sales of KRW 92.5 billion, operating profit of KRW 2.7 billion, and net profit of KRW 3 billion.
Following the acquisition, SGA Solutions will pursue a growth strategy focused on converting captive sales within the group, expanding project integration, and entering new markets. The company plans to expand its revenue by leveraging its security solution customer base to meet installation and maintenance needs, and by absorbing hardware supply demand arising from group project execution.
Additionally, CreonUnity plans to leverage its established sales channels in the education and public sectors to expand its business beyond the financial sector and generate new revenue by combining it with the IT operational needs of its security customer base.
Choi Young-cheol, CEO of SGA Solutions, stated that through this acquisition, the group's profit base has been strengthened and a sustainable growth engine has been secured, and that he will enhance execution capabilities to produce tangible results.
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