Praemium (ASX:PPS) entered into a binding share sale agreement to acquire Technotia Group at AU$0.829 per share or AU$7.5 million in total, according to a Monday Australian bourse filing.

The company first engaged Technotia Laboratories in the second half of 2024 to enhance its superannuation solution and thereafter identified the opportunity to use Technotia's proprietary intellectual property and expertise across its platform. Technotia will remain an operational subsidiary of Praemium under its existing brand and operating model.

Praemium non-executive director Daniel Lipshut was appointed chief executive of Technotia to lead the subsidiary with current CEO James Murray-Parkes.

The deal is expected to be completed in January 2026, subject to certain conditions.

Praemium's shares fell past 4% in recent trading on Monday.