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This transaction will also provide substantial value creation opportunities through revenue synergies from scale efficiencies and cross-selling to both entities' broad customer bases. JOS has over 60 years of history and over 2, technology professionals across Asia, of whom 1, are in Hong Kong. JOS offers leading expertise in IT infrastructure and network services, as well as digital and security solutions, enabling over 10, customers from the public and private sectors to take advantage of the latest information and communication technologies "ICT". By a mile, the most common desire was for a one-stop-shop ICT solutions partner, rather than separate IT, telecom and other vendors.
Based on the recent success and growth path of JOS and Adura, we believe this is the right time for these two businesses to become part of a technology-focused organisation with strong expertise and relationships in the technology services sector.
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We are proud of the role we have played in growing and nurturing both businesses over the years, and very pleased to have found such a good fit as HKBN. The transaction, expected to close by 4Q , is subject to the approval of HKBN shareholders and the satisfaction of other conditions. HKBN Ltd. The Group is a leading information and communications technology "ICT" services provider in Hong Kong, offering a comprehensive range of premier ICT services to both the enterprise and residential markets, including broadband, data connectivity, managed Wi-Fi, mobile, voice communications, data centre facilities, business continuity services, information security, system integration and various cloud solutions.