Atturra Unit Completes Acquisition of Sydney-Based Tech Company

MT Newswires Live

2025/01/03

Atturra (ASX:ATA), through its subsidiary Galaxy42 Group, completed the acquisition of Sydney-based ComActivity through a share sale agreement, according to a Friday filing with the Australian bourse.

The upfront consideration for the sale is AU$9 million in cash with earn-out/post-completion consideration of up to AU$5.5 million in cash contingent on ComActivity's achievement of performance hurdles based on audited earnings before interest, taxes, depreciation, and amortization targets for fiscal 2025 and 2026, the filing said.

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