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Can MM see SIQ & ECX merging?

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Question asked

Can MM see SIQ & ECX merging?

Hi, Do you think there is any merit in a tie up between Smart SIQ and Eclipse ECX. Smart loosing some contracts and ECX languishing share price for a while. Get some scale by merging.

Answer

Hi Paul,

I could see some logic for $537mn vehicle leasing business ECX and $630mn salary packaging/leasing business SIQ merging, they both look like they need a fresh injection of life. It would need a close look of the overlap of clients and cross selling/expanding opportunities but whether it’s this or something else these companies should be looking for ideas to improve their performance into 2023.

 

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Eclipx Group Ltd (ECX)
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