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COMPANY NEWS:
Key highlights:
Atturra Limited, through its subsidiary Atturra Advisory Pty Ltd ACN 117 643 240 (“Atturra Advisory”), to acquire Exent Holdings Pty Ltd ACN 667 230 328 (“Exent”).
Upfront consideration for Exent is $6m in cash, with earn-out/post-completion consideration of up to $2m in cash, subject to Exent achieving first half FY25 performance hurdles.
Strategically aligned acquisition of Exent helps Atturra extend its advisory and consulting capabilities outside of Canberra and Defence and expand the practice nationally.
The purchase price, including upfront and deferred consideration, is calculated on a multiple of 6.5x forecast EBITDA contribution to Atturra in FY25.
Significantly expands access to the ~$190 billion rapidly growing, specialized
Engineering Research & Development services market
Immediately accelerates growth opportunity through presence in attractive
aerospace & defense sector with established blue-chip clients
Expected to deliver >$100 million in annual revenue synergies
within three years and to be accretive to 2026 EPS
Cognizant (NASDAQ: CTSH) (the "Company") today announced it has signed a definitive agreement to acquire Belcan, LLC ("Belcan"), a portfolio company of AE Industrial Partners and a leading global supplier of Engineering Research & Development (ER&D) services, at a purchase price of approximately $1.3 billion in cash and stock, subject to customary adjustments.
Addition of Egress’ cloud email security solution to KnowBe4’s comprehensive product suite will createthe largest, advanced AI-driven cybersecurity platform for managing human risk
New Zealand’s competition regulator The Commerce Commission has received an application from Evergreen NZ Holdings seeking clearance or authorisation to acquire 100% of the shares in ACM New Zealand Limited from ACM Holdings (NZ) Limited.
Australian BPO services and offshore contact centre operator Acquire has moved to diversify and expand its range of business processing services with the finalisation today of the acquisition of Philippine-based BPO Shore Solutions.
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