On Tuesday 5th of September it was announced that Panorama Synergy Limited (ASX: PSY) has entered into an agreement to fully acquire Hydrix through an asset purchase agreement. This is an exciting development for both companies with the Merged Group at the forefront of designing, developing and manufacturing advanced sensor systems and integrated Internet of Things (‘IoT’) communication networks.
Hydrix will continue to service its Australian and International clients – with no changes in the Hydrix team, the way in which we work with clients and operate projects. PSY is committed to supporting Hydrix grow its engineering services business. Engineering services are central to the PSY-Hydrix future strategy.