M&A Deal Summary

HKBN Acquires Jardine OneSolution Holdings

On December 13, 2019, HKBN acquired information technology company Jardine OneSolution Holdings

Acquisition Highlights
  • This is HKBN’s 2nd transaction in the Information Technology sector.
  • This is HKBN’s 3rd transaction in China.

M&A Deal Summary

Date 2019-12-13
Target Jardine OneSolution Holdings
Sector Information Technology
Buyer(s) HKBN
Deal Type Add-on Acquisition

Target

Jardine OneSolution Holdings

Kowloon, China
Jardine OneSolution Holdings (C.I.) Ltd. is a systems integrator, solutions provider and technology consultancy with deep industry knowledge and an exceptional ability to execute. JOS has extensive experience across a range of industries, boasting more than 10,000 private and public sector customers in Asia, and core capabilities in artificial intelligence, big data, cloud computing, enterprise applications, enterprise security, internet of things (IoT), mobility and next-generation infrastructure. Jardine OneSolution Holdings (C.I.) Ltd. was established in 1950 and is based in Kowloon, Hong Kong.

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Buyer(S) 1

Buyer

HKBN

Hong Kong, China

Category Company
Founded 1992
Sector Communications
Employees3,741
Revenue 10.7B HKD (2024)
DESCRIPTION

HKBN is an integrated telecommunications services company, provides broadband, local telephony, IDD, and IP-TV services to business and residential markets in Hong Kong. It offers broadband, telephony, entertainment, integrated Web, facility management, 2b app, multi-protocol label switching, Internet access, and fibre-to-the-office technology services. HKBN was founded in 1992 and is headquartered in Hong Kong, China.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: China M&A 3 of 3
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 WTT HK

Hong Kong, China

WTT HK Ltd. is the only enterprise-focused fixed telecommunication services operator with significant fixed-line infrastructure in Hong Kong. WTT has already invested over HK$7 billion in its network to create a leading fiber-optic end-to-end network in Hong Kong covering more than 5,500 commercial buildings. Together with a robust in-house service engine offering a comprehensive range of ICT products and bespoke services, WTT is a trusted partner of its diverse base of over 56,000 business customers serving their mission-critical needs.

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