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UXC finds buyer for non-IT bloat

IT services company UXC has found a buyer for its field solutions group, entering into negotiations to offload the arm, in its quest to become a "pure IT company".
Written by Luke Hopewell, Contributor on

IT services company UXC has found a buyer for its field solutions group, entering into negotiations to offload the arm, in its quest to become a "pure IT company".

UXC has entered into talks with advisory firm Cashel House, which is looking to acquire the field solutions group brands, which include Utility Asset Management, Skilltech Consulting Services, Infrastructure Constructions, UXC Metering and Fieldforce Services.

UXC expects the negotiation process to take up to six weeks, and won't release financial details around the deal until that time.

Managing director of UXC Cris Nicolli said that the deal is a big step towards trimming the non-IT fat at the company.

"Coupled with the restructuring and simplification plans recently announced within the IT Group, we are on the verge of achieving some key deliverables that will place the company in a potentially strong market position," he said in a statement.

Last month, the company consolidated all of its IT infrastructure businesses under the one banner, UXC Connect, to be headed up by Integ Group's Ian Poole. The unit's 650 staff will aim for a first-year revenue of $235 million.

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