IT service provider ASG Group has announced the acquisition of IT consulting firm Capiotech for $30 million.

ASG Chief Executive Officer Geoff Lewis said the Capiotech acquisition capped off a deliberate strategy by the Company to boost its capability in key, high value service areas. He said Capiotech's service offering and high quality client base was highly complementary to ASG's existing business.

The Capiotech acquisition follows $112 million in new contracts secured by ASG since January 2010, including the recent acquisition of high end IT consulting group Dowling Consulting and SAP software provider Courtland Business Solutions.

According to Lewis, ASG is set to build further exposure to blue chip corporate and government clients.

"We have invested heavily in our next wave of contract growth, with major wins in recent months with customers such as the Department of Prime Minister & Cabinet, Western Power and the West Australian Department of Education," said Lewis.

Capiotech is expected to boost ASG's service capabilities, particularly in Business Intelligence Solutions and Enterprise Performance Management, and to strengthen ASG's presence on the eastern seaboard of Australia.

Capiotech's strong blue chip client base includes Qantas, ANZ Bank, Commonwealth Bank, Macquarie Group, NAB, Vodafone, Origin Energy, CSL and the Queensland Department of Transport and Main Roads.

The Capiotech acquisition is forecast to deliver underlying earnings per share (EPS) accretion of 15 per cent.