• Acquisition of DXLabs adds immediate revenue and EBIT to Vection
• Strengthens Vection's Australian delivery team and enterprise customer base
• Unlocks cross-sell opportunities between Vection's AI and spatial computing solutions and DXLabs' automation and integration expertise

Vection Technologies Ltd (ASX:VR1, OTC:VCTNY, FRA:S1X), the INTEGRATEDXRï company, has executed a binding offer to acquire 100% of Digital Experience Labs Pty Ltd ('DXLabs'), a fast-growing Australian digital transformation and solutions business, with enterprise customers in government, insurance and adjacent sectors. DXLabs helps businesses build, optimise and scale their operations through digital transformation solutions and modern intelligence automation tools, complementary to a business's existing technology stack and AI technologies. The acquisition adds immediate revenue of $3.5m and EBIT of $0.8m to Vection, with no debt. The upfront consideration is $2.1m in scrip (2.8x EBIT), with a performance-based earn-out of up to $2.1m in additional scrip. The acquisition strengthens Vection's Australian delivery team and enterprise customer base, while unlocking cross-sell opportunities by combining Vection's AI and spatial computing solutions with DXLabs' specialisation in automation and integration platforms. Key management and staff will be retained to ensure seamless integration and accelerate growth. The transaction is targeted for completion by 31 October 2025, subject to satisfaction of conditions precedent.

The acquisition positions Vection strongly to scale, unlocking significant growth potential by leveraging DXLabs' expertise in digital transformation and Vection's global XR and AI technologies.