• Veris acquires 100% of Mesh Livable Urban Communities Pty Ltd, a specialist planning, urban design and landscape architecture consultancy
• Veris also acquires 50% equity stake in Mesh-Dash Holdings Pty Ltd, developer of Parsel digital platform
• Acquisition expected to be earnings accretive in year one, generating $6 million in high-margin revenue

Veris Limited (ASX: VRS), a leading digital and spatial data advisory and consulting firm, has completed the acquisition of 100% of Mesh Livable Urban Communities Pty Ltd ('Mesh'), a Melbourne-based specialist planning, urban design and landscape architecture consultancy. The acquisition also includes a 50% equity stake in Mesh-Dash Holdings Pty Ltd ('Mesh-Dash'), the developer and operator of Parsel, Mesh's proprietary, subscription-based digital platform for seamless development planning. This acquisition marks another step in Veris' strategy to accelerate its higher-margin Consulting & Advisory services and expand its digital solutions portfolio. Mesh's expertise in planning, infrastructure funding schemes, and innovative urban design, combined with the scalable Parsel platform, will enhance Veris' capabilities and client offering across government and private sectors nationwide. The initial consideration for the acquisition of Mesh comprises $1.55 million in cash and the issuance of $0.83 million worth of Veris shares. Veris has also paid $0.5 million for the acquisition of the 50% interest in Mesh-Dash. Mesh is expected to be earnings accretive in the first year post-acquisition, generating approximately $6 million in high-margin annualised revenue. The acquisition also adds a talented 28-person team with strong cultural alignment, reinforcing Veris' client-oriented and innovation-led values. The Parsel platform is expected to deliver scalable, recurring revenue while offering efficiency gains for developers, planners, and government agencies.

Mesh is expected to be accretive in the first-year post-acquisition, generating approximately $6 million in high-margin annualised revenue.

The successful acquisition of Mesh and the investment in Mesh-Dash confirms Veris' disciplined approach to capital deployment and its ability to complete value-enhancing acquisitions efficiently. Veris remains active in evaluating additional M&A opportunities, supported by a prudent and disciplined approach to preserving cash reserves.