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## UGL Confirms Acquisition of Skybridge’s Telecommunications Services Arm

CIMIC Group company UGL has officially announced its acquisition of the telecommunications services arm of Skybridge, an Australian installation and maintenance contracting company specializing in the fibre, wireless, and satellite telecommunications markets. This strategic move further strengthens UGL’s position in the sector and enhances its offerings in regional and remote areas of Australia.

## Enhancing UGL’s Offerings with Skybridge’s Telecommunication Services

The integration of Skybridge’s telecommunication services into UGL’s portfolio allows the company to expand its capabilities in designing, constructing, and maintaining integrated communications solutions. By acquiring Skybridge’s field services and program rollout expertise, UGL now boasts an end-to-end capability for building, upgrading, and maintaining networks across Australia. This development aligns with UGL’s commitment to regional development and consolidates its strong reputation in the telecommunications market.

## Diverse Assets Included in the Acquisition

In addition to acquiring eight customer contracts, UGL will gain access to Skybridge’s team of telecommunications personnel and subcontractor arrangements. The acquisition also encompasses valuable assets such as equipment, intellectual property, and engineering capabilities. These resources will further reinforce UGL’s ability to deliver comprehensive telecommunications solutions to its clients.

## CIMIC Group’s Thriving Endeavors in Communications Solutions

Juan Santamaria, CIMIC Group Executive Chairman, expressed his enthusiasm about the acquisition, stating, “UGL has extensive experience in the design, construction, and maintenance of integrated communications solutions.” He emphasized that integrating Skybridge’s services expands UGL’s capabilities and enables the company to provide a full spectrum of services, from design to maintenance, to networks throughout Australia.

## UGL’s Commitment to Regional Australia

Doug Moss, UGL Managing Director, highlighted the company’s long-standing commitment to regional Australia and its role in bridging communication gaps. He stated, “UGL was born in regional Australia nearly 125 years ago, and we’re proud of our contribution towards ensuring our regions are connected.” Moss emphasized that the expertise gained through this acquisition will allow UGL to further support regional development initiatives and solidify their position within the telecommunications market.

## The Closing of the Acquisition

The acquisition is expected to be finalized before the end of the year, pending the fulfillment of certain conditions typically associated with these types of agreements. Once completed, UGL will collocate the Skybridge team under the CIMIC Group, officially welcoming them into the UGL family.

## Leveraging AI legalese decoder for Streamlined Contract Analysis

To ensure a smooth acquisition process, UGL can leverage the AI legalese decoder, a cutting-edge technology that simplifies complex legal language. This innovative tool enables the efficient analysis of contractual terms and conditions, reducing the time and resources required for due diligence. By using AI legalese decoder, UGL can swiftly navigate through legal documents and identify key provisions, enabling a streamlined and thorough assessment of the acquisition agreement’s compliance with necessary conditions. Ultimately, this technology enhances UGL’s ability to make informed decisions and expedites the closing of the acquisition, ensuring a seamless transition for all parties involved.

## UGL’s Legacy and Global Presence

With a remarkable history spanning over 120 years and a presence in approximately 20 countries worldwide, UGL has established a strong foundation built on principles of Integrity, Accountability, Innovation, Delivery, and Safety. Moving forward, UGL continues to strive for excellence in delivering innovative communications solutions while upholding its long-standing values.

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