Displaying items by tag: ComActivity

COMPANY NEWS:   

Key highlights:

• Atturra Limited (Atturra), through its subsidiary Galaxy42 Group Pty Ltd (ACN 627 989 584) to acquire Brooks Investment Partners Pty Ltd (ACN 129 010 126) (ComActivity) (Acquisition), a leading provider of innovative manufacturing solutions based on Infor’s M3 product suite.
• The Acquisition will strengthen Atturra’s position as a market leader for enterprise resource planning (ERP) solutions in the manufacturing industry in Australia and New Zealand, providing manufacturing clients with more options in digital transformation of their business. It will also expand Atturra’s capabilities in Infor M3 from its existing capabilities in Infor Pathway.

• This acquisition completes the three identified advanced acquisition opportunities identified in Atturra’s Capital Raising presentation released to market on 13 November 2024

• The upfront consideration is $9M in cash with earn-out/post-completion consideration of up to $5.5M in cash subject to ComActivity achieving performance hurdles based on audited EBITDA targets for FY25 and FY26. The purchase price, including upfront and deferred consideration, is based on a multiple of 6.95x forecast EBITDA. Integration costs have been budgeted at $320,000.