Infotrust Enters Into Share Sale Agreement to Acquire Cyber Security Consultancy
MT Newswires Live
Mar 19
Infotrust (ASX:ITS) entered into a share sale agreement to acquire all of the shares in Catalyst Cyber, a cyber security consultancy, focused on Federal Government customers, according to a Thursday Australian bourse filing.
The estimated completion consideration for fiscal year 2026 is around AU$5 million, comprising around AU$3.5 million in cash and around AU$1.5 million in Infotrust shares.
At completion, Infotrust will pay an initial cash amount and issue shares based on an estimated fiscal year 2026 earnings before interest and tax, with a subsequent cash and share adjustment payable or refundable following determination of the final fiscal year 2026 earnings before interest and tax.
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