Atturra (ASX:ATA) subsidiary, Galaxy42 Group, agreed to acquire Brooks Investment Partners, also known as ComActivity, according to a Thursday filing with the Australian bourse.
The total transaction consideration comprises an upfront payment of AU$9 million in cash and an earn-out or post-completion payment of up to AU$5.5 million, subject to ComActivity achieving performance hurdles for the financial years 2025 and 2026.
Atturra will fund the deal through proceeds from its recent capital raising, the filing said. The acquisition is expected to be completed on or around Dec. 31, subject to meeting certain conditions.
ComActivity provides enterprise resource planning technology products within the manufacturing sector based on Infor's M3 product suite, as per the filing.
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