Technology services business Atturra’s (ASX: ATA) subsidiary Galaxy42 Group has completed the acquisition of ComActivity by way of a share sale agreement.
The ComActivity acquisition 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.
“Atturra's strategy is built with a strong focus on both technology and industry specialisation, making the acquisition of ComActivity a perfect fit,” CEO, Stephen Kowal, said.
“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.
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.
