Acquisition of Mesh & Investment in Parsel Digital Platform
| Stock | Veris Ltd (VRS.ASX) |
|---|---|
| Release Time | 20 Oct 2025, 8:20 a.m. |
| Price Sensitive | Yes |
Veris Acquires Mesh and Invests in Parsel Digital Platform
- Acquisition of 100% of Mesh Livable Communities Pty Ltd, a Melbourne-based planning, urban design and landscape architecture consultancy
- Investment of $0.5 million for 50% equity stake in Mesh-Dash Holdings Pty Ltd, developer of Parsel digital platform
- Parsel to complement Veris' digital strategy and generate recurring revenue
Veris Ltd, a leading digital and spatial data advisory and consulting firm, has executed a Share Sale Agreement to acquire 100% of Mesh Livable Communities Pty Ltd, a Melbourne-based planning, urban design and landscape architecture consultancy, for an enterprise value of up to $3.18 million. Additionally, Veris will acquire a 50% equity stake in Mesh-Dash Holdings Pty Ltd, which has developed and commercialised Mesh's proprietary, subscription-based digital platform 'Parsel'. Parsel digitises complex infrastructure planning and Development Contribution Plans, delivering measurable savings in time and cost for developers. The acquisition of Mesh is expected to be earnings accretive in the first year and generate approximately $6 million of high-margin revenue on an annualised basis. The transaction will enhance Veris' high-value Consulting & Advisory service offering and accelerate its digital strategy through the integration of Mesh's commercialised technology, expertise and client base. Parsel will complement Veris' existing digital portfolio and create national expansion opportunities by enabling a technology-driven planning solution that can be deployed across multiple state markets. The transaction is expected to strengthen Veris' presence in the growing property and planning market on the east coast, diversify its client base, and reinforce its strategic positioning towards digital revenue streams.
The acquisition of Mesh is expected to generate approximately $6 million in high-margin revenue on an annualised basis.
The acquisition of Mesh and investment in Parsel are expected to enhance Veris' high-value Consulting & Advisory service offering, accelerate its digital strategy, and create national expansion opportunities through a scalable, technology-driven planning solution.