Vection Technologies (ASX:VR1) executed a binding offer to acquire 100% of Monogic, a Hong Kong and Singapore-based digital marketing, communication, and brand experience agency, for a consideration of AU$976,000 in Vection shares at completion, subject to shareholder approval, according to a Tuesday Australian bourse filing.

The consideration also includes performance earn-out of up to AU$628,000 in Vection shares, subject to shareholder approval as well as certain fiscal year 2026 revenue and EBITDA milestones.

The completion of the deal is targeted by Dec. 31, subject to certain conditions.