• Acquisition of DXLabs adds immediate revenue and EBIT to Vection
• Strengthens Vection's Australian delivery team and enterprise customer base
• Unlocks meaningful cross-sell opportunities between Vection's and DXLabs' offerings

Vection Technologies Ltd (ASX:VR1, OTC:VCTNY, FRA:S1X), a leading provider of INTEGRATEDXR and AI-powered digital transformation solutions, has executed a share sale agreement to acquire 100% of Digital Experience Labs Pty Ltd ('DXLabs'), a fast-growing Australian digital transformation and solutions business. DXLabs helps businesses build, optimise and scale their operations through digital transformation solutions and modern intelligence automation tools. The acquisition adds immediate revenue of $3.5m and EBIT of $0.8m to Vection, with no debt. The transaction is structured as an all-scrip offer with an upfront consideration of $2.1m (2.8x EBIT) and a performance-based earn-out. The acquisition strengthens Vection's Australian delivery team with more live enterprise customers in insurance, logistics, lending and other automation-driven industries, including government. It also unlocks meaningful cross-sell opportunities by combining Vection's AI and spatial computing solutions with DXLabs' specialisation in automation and integration platforms. Key management and staff of DXLabs will be retained to ensure seamless integration and accelerate growth. Completion of the acquisition is targeted for 9 April 2026, subject to satisfaction of the conditions.

The acquisition is expected to be accretive, adding immediate revenue and EBIT to Vection. It also provides a strategic expansion platform with a ready-made Australian team and enterprise customer base, while unlocking cross-sell opportunities between Vection's AI spatial computing and DXLabs' automation platforms.