End of the line for NSW Government Printing Service

The purchase is on track to be completed by mid April, when Salmat will acquire the assets, operations and contracts of the NSW Government Printing Service. Salmat is expected to offer employment to some of the existing 70 full-time and 50 part-time workers, with Salmat joint managing director Peter Mattick indicating those employees not retained will be offered work elsewhere in the state government.

The NSW Government has prevented Salmat from revealing the exact value of the purchase, though the funding will be taken from the company's cash reserves and is reported to be less than $5 million.

Joint managing director Phil Salter claims the purchase will further consolidate the services already offered by the company. “This provides Salmat with a wider range of products and services to offer its customers,” he says.

The announcement follows Salmat's purchase of SalesForce earlier this year, with the company indicating it intends to integrate the service with its business process outsourcing division. It was revealed last month that the division was responsible for turning over $69 million in revenue in the second half of 2004, and is expected to enjoy strong growth over the next several years as government and corporate clients continue to outsource operations.