Successful completion of ComActivity acquisition
Released
Released
Announcement PDF
Atturra Limited
ABN 34 654 662 638
ASX Announcement
3 January 2025
Atturra completes acquisition of Sydney-based ComActivity
Key highlights:
•
Atturra Limited (Atturra), through its subsidiary Galaxy42 Group Pty Ltd (ACN 627 989 584) has
completed the acquisition of Brooks Investment Partners Pty Ltd (ACN 129 010 126) (ComActivity)
(Acquisition), a leading provider of innovative manufacturing software and services solutions based
on Infor’s M3 product suite.
•
The Acquisition will strengthen Atturra’s position as a market leader for enterprise resource planning
(ERP) solutions in the manufacturing industry in Australia and New Zealand, providing manufacturing
clients with more options in digital transformation of their business. It will also expand Atturra’s
capabilities in Infor M3 from its existing capabilities in Infor Pathway.
•
This acquisition completes the three advanced acquisition opportunities identified in Atturra’s Capital
Raising presentation released to market on 13 November 2024.
•
The upfront consideration is $9M in cash with earn-out/post-completion consideration of up to $5.5M in
cash subject to ComActivity achieving performance hurdles based on audited EBITDA targets for FY25
and FY26. The purchase price, including upfront and deferred consideration, is based on a multiple of
6.95x forecast EBITDA. Integration costs are budgeted at $320,000.
Sydney, 3 January 2025 – Atturra Limited (ASX: ATA), a leading technology services business in
designing, implementing, and maintaining IT solutions, is pleased to announce that its subsidiary, Galaxy42
Group Pty Ltd, has completed the acquisition of ComActivity by way of a share sale agreement.
The ComActivity Acquisition is “Acquisition 2” referred to on page 16 of the Capital Raise presentation
released to the market on 13 November 2024, and completes the three identified acquisition opportunities
identified in Atturra’s Capital Raising presentation release to market on 13 November 2024. Proceeds from
the recent capital raise will be used to fund the purchase price for the acquisition.
Sydney-based ComActivity has an excellent reputation for providing innovative Manufacturing solutions
based on Infor's M3 product suite and associated consulting services. This acquisition delivers 61 new
clients to Atturra in the Manufacturing sector and provides cross-sell opportunities for other Atturra services
and products.
CEO of Atturra, Stephen Kowal, said:
“Atturra's strategy is built with a strong focus on both technology and industry specialisation, making
the acquisition of ComActivity a perfect fit. Atturra sees manufacturing as a key industry within the
company’s portfolio. It is an important contributor to the Australian economy, and we have a great loyal
client base in this industry. With ComActivity on board, our manufacturing industry focused ERP
technology capabilities expand significantly, allowing us to deliver cutting-edge solutions powered by
Infor’s M3 product suite. This is an exciting step in Atturra’s strategy of picking leading technologies,
and focusing on being a market leader, ensuring the company can offer best-in-class solutions to its
clients.
We welcome Jason Levick and the wider ComActivity team to Atturra and look forward to working
closely with them to integrate the ComActivity business into Atturra.”
Atturra Limited
ABN 34 654 662 638
Co-Founder of ComActivity, Jason Levick, said:
"We are thrilled to join forces with Atturra, a leading IT solutions provider whose vision and culture align
very tightly with ours. Over the years, ComActivity has established itself as a leading solutions provider
of Infor M3 solutions, driving success for our clients specifically in manufacturing, food and beverage,
distribution, equipment and asset intensive industries. This partnership will amplify our ability to deliver
world-class solutions and create greater value for our clients. Together, with Atturra's expansive
resources and expertise, we are poised to take our innovative approach to the next level while
maintaining the strong culture that has been the foundation of our success."
- ENDS –
This announcement has been authorised for release by the Board of Atturra Limited.
About Atturra:
Atturra is an ASX-listed technology business providing a range of enterprise advisory, consulting, IT
services and solutions with a focus on local government, utilities, education, defence, federal government,
financial services and manufacturing industries, Atturra has partnerships with leading global providers
including Boomi, Cisco, HP, HPE, Infor, Microsoft, Nuix, OpenText, QAD, Smartsheet, Snowflake, and
Software AG, and its clients are some of the largest public and private sector organisations in Australia.
For more information visit: www.atturra.com.
About ComActivity:
ComActivity is a trusted provider of comprehensive end-to-end supply chain technology solutions, system
integration, and digital transformation services for organisations across the supply chain. Established in
2005, the company has emerged as a leading service provider of Infor CloudSuite solutions in the Australia
and New Zealand (ANZ) region. ComActivity's team of over 40 experienced consultants, many of which
come directly from industry, span across Australia and New Zealand, delivering innovative technology
solutions to both local and global manufacturing, food and beverage, distribution, equipment and asset
intensive organisations
Contacts:
Investors
Media
Danny Younis
Dylan Mark
P: 02 8260 7919
P: 02 8260 7918
E: investorrelations@atturra.com
E: media@atturra.com
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