Sword Group Acquires Two Aberdeen-based Companies (IACS and AAA)

July 1, 2024

Sword Group has acquired two Scotland-based companies in Aberdeen: IACS, a micro cybersecurity specialist focused on industrial process control networks, and AAA, a recruitment/staffing business that has restructured around AI. IACS will be consolidated into Sword's accounts from July 1, 2024 (revenues ~€2.9M, EBITDA margin 20%), while AAA was acquired effective April 2, 2024 (revenues ~€8M, EBITDA margin 2%) to boost Sword's capabilities in Artificial Intelligence and Cyber Security.

Buyers
Sword Group
Targets
IACS, AAA
Industry
IT Services
Location
Scotland, United Kingdom
Transaction Type
Buyout

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