REA Group Agrees to Acquire 61.5% Stake in Canada-Based Floor Plan Technology Provider for Undisclosed Sum

MT Newswires Live

10/02

REA Group (ASX:REA) agreed to acquire a 61.5% stake in Ontario, Canada-based Planitar to introduce Planitar's 3D tour and floor plan technology to the Australian market, according to a Thursday statement by the company.

Planitar is the maker of iGUIDE, a camera and software platform used in creating floor plans and 3D virtual tours.

The conditional deal is expected to be completed shortly, the company said.

Financial terms were not disclosed.

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