Leading advisory and technology services business in designing, implementing, and maintaining IT solutions, Atturra (ASX: ATA), has exchanged a Share Sale and Purchase Deed (SSPD) to acquire Somerville.
Headquartered in Sydney, with offices in Melbourne and Brisbane, Somerville provides a wide range of enterprise-grade managed services including cloud, connectivity, modern workplace, security, and hardware and software lifecycle management. Somerville also has a strong position in the education sector with its solutions mix which supports over 285 schools in Australia.
The acquisition of Somerville will be significant, as it will not only provide Atturra with a broad-based managed services capability to facilitate large end-to-end projects, but it will also strengthen our position within the Australian education sector,” Attura CEO, Stephen Kowal, said.
CEO and Founder of Somerville, Craig Somerville, said Atturra is a trusted technology partner with over 30 years’ experience offering solutions.
“I am particularly excited to have the industry-leading team of Adrian Toole, David La Bozzetta and Craig Somerville join the Atturra team.
“This acquisition represents an outstanding opportunity for Somerville’s staff, clients, and partners. Atturra has forged a strong reputation as a well-respected player within the Australian IT services industry, with long-standing client and partner relationships.
Our strong focus on delivering quality outcomes to our valued customers will be enhanced by the breadth and depth of offerings that Atturra brings. Atturra opens the door to fantastic career opportunities for our team and the chance to work on a wide range of projects with the larger organisation.”
The transaction is expected to complete on or around 31 March 2023, subject to the satisfaction of conditions precedent in the SSPD, including obtaining the change-of-control consents required for Somerville’s material contracts.