Sword Group: Acquisitions in the UK

Sword Group has made strategic acquisitions of two companies in Scotland. The companies, IACS and AAA, are both based in Aberdeen. IACS specializes in cybersecurity, while AAA focuses on artificial intelligence.

IACS, a micro-company, excels in the digital security of industrial process control networks. Its revenue trend stands at €2.9 million per year with an EBITDA margin of 20%. The projected organic growth rate for IACS post-integration is 15% per year. This acquisition will be consolidated in the Group's accounts as of 1 July 2024.

AAA, a recruitment and staffing firm, was partially sold on 1 June 2023 and restructured its offerings around Sword's AI tools. Sword finalized the acquisition on 2 April 2024. AAA's revenue trend is €8 million per year with an EBITDA margin of 2%. Sword aims to increase AAA's EBITDA margin to 9% by 2025 and 12% by 2026.

These acquisitions are set to enhance Sword Group's presence in the fields of artificial intelligence and cybersecurity.