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The Canberra-based IT solutions provider has officially assumed ownership of Horizon Defence Systems.
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Chairman of Insitec, Andrew McNeill, has announced the completion of the firm’s acquisition of Horizon Defence Systems (HDS), a former subsidiary of Horizon Group Holdings (HGH).
As part of the acquisition, all former HDS services have been integrated into Insitec’s Military, Intelligence and Space (MIS) Systems business.
Two HGH representatives have been appointed to serve on Insitec MIS Systems’ board.
The acquisition comes just two years after Insitec joined the HDS corporate-based Australian industry collaboration group, which has helped advance the group’s bid for Joint Project 9111 — the Australian Defence Force’s future joint command and control capability technology and services business opportunity.
“The merger of HDS into the Insitec MIS Systems business completes the first tranche of a wider growth initiative within the Insitec Group enterprise undertaken over the first half of 2020, with the aim of developing our business capabilities to better focus on evolving Australian Defence Force future military capability requirements, as canvassed in the 2020 Force Structure Plan,” Insitec managing director Michael Branch said
Branch added that Insitec would now focus on the delivery of corporate services to three of the group’s subsidiaries — Insitec ICT, Insitec People, and Insitec MIS Systems (incorporating HDS).
Andy McNeill and Alan Singer will continue to serve as general managers of Insitec ICT and Insitec People, while former HDS COO Jarrod Smith has been appointed as general manager of Insitec MIS Systems.
“Being able to readily access the resources of HDS will enable the more rapid growth of the Insitec MIS portfolio of defence and national security community capability solutions over the coming months and years,” Branch said.
“Since being established in 2017, HDS has assembled an impressive ecosystem of Australian industry collaborative members who will now become part of an expanding Insitec partner ecosystem.
“This will result in even more productive collaboration between two groups that already have an excellent working relationship, and we are confident the enhanced MIS Systems entity will shortly realise its first major business opportunity.”
Chairman of HGH, Simon Truskett, added, “Joining HDS with the Insitec MIS Systems business is fully consistent with the founding principles of our organisation.
“The HGH board has always maintained that activities such as inter-firm collaboration and market consolidation – achieved via the merging of complementary entities – provides an effective means to accelerating the ‘bulking-up’ of Australian defence-industrial capabilities in the quest to grow the nation’s sovereign Prime Systems Integrator base.
“Joining HDS with Insitec MIS Systems is an important first step to realising that ultimate vision.”
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