• Verbrec acquires Alliance Automation, a leading provider of digital transformation and automation services
• Transaction adds $60 million in annualized revenue and 700 team members across 18 locations
• Enhances Verbrec's digital capabilities and expands service offering to common client base

Verbrec Limited (ASX: VBC) has completed the acquisition of Alliance Automation Pty Ltd, a transaction that is a major step-change for Verbrec's capability and services offering. Alliance Automation is one of Australia's largest independent providers of digital transformation, cyber security for operational technology and industrial automation integration services. The transaction significantly enhances Verbrec's digital capability and provides opportunities to grow revenues through an expanded service offering to a common client base. On a pro-forma basis, the transaction is anticipated to add $60 million in annualized revenue and will result in a combined group with approximately 700 team members across 18 locations in Australia and New Zealand. The transaction was funded through Verbrec's balance sheet, and no equity was issued. This acquisition is a strategic move that strengthens Verbrec's position in the market and expands its service offerings to better serve its clients across the energy, infrastructure, and mining industries.

The acquisition of Alliance Automation is expected to provide Verbrec with significant opportunities to grow revenues through an expanded service offering to a common client base. The combined capabilities of the two companies will enhance Verbrec's digital and automation services, positioning the company for continued growth and success in the markets it serves.