DXN Ltd Completes Divestment of Tasmanian Data Centre
Key points
- Completed divestment of TAS01 for up to A$520,000.
- Sale includes upfront payment of A$400,000 and A$120,000 earn-out.
- Sharpens DXN's focus on core prefabricated modular operations.
- Transaction completed on 30 June 2026, pending landlord's consent.
Full summary
DXN Limited, a prefabricated modular data centre specialist, announced the completion of the divestment of its wholly-owned subsidiary TAS01 Pty Ltd, which owns and operates the Hobart-based colocation data centre in Tasmania. The sale, finalized on 30 June 2026, includes an upfront payment of A$400,000 and an additional A$120,000 earn-out, subject to achieving a revenue target within six months of completion. The transaction aims to sharpen DXN's strategic focus on its core prefabricated modular operations. The landlord's consent to the transfer is still pending, but the parties are working to satisfy this requirement. The purchaser intends to continue operating the facility, ensuring continuity for existing customers.
Guidance
Upfront payment: A$400,000; Earn-out: A$120,000; Total consideration: up to A$520,000
Outlook
DXN expects the divestment to enhance its strategic focus on core operations, driving growth through its prefabricated modular platform.
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