XPON to Divest Google GMP and GCP Business to Incubeta
Key points
- Sale of Datisan enables balance sheet recalibration and Wondaris investment
- Completion payment of A$5.5 million with up to A$2 million contingent earn-out
- Incubeta, a certified Google partner, is the buyer
Full summary
XPON Technologies Group Ltd. has agreed to sell its Google Marketing Platform (GMP) and Google Cloud Platform (GCP) business through Datisan Pty Ltd to Incubeta Australia Pty Limited. This strategic move will allow XPON to reinvest in its Wondaris AI Marketing Platform and pursue further M&A opportunities in the AI sector. The sale is for A$5.5 million upfront, with an additional A$2 million contingent on Datisan's gross profit. The transaction is subject to shareholder approval, ACCC clearance, and client consents.
Guidance
XPON expects to use proceeds to realign balance sheet and fund Wondaris growth.
Outlook
XPON aims to leverage the sale proceeds to accelerate growth in its AI marketing platform and pursue strategic M&A opportunities.
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