• Acquisition strengthens Atturra's position as a market leader for ERP solutions in the manufacturing industry
• Expands Atturra's capabilities in Infor M3 from its existing Infor Pathway capabilities
• Acquisition completes three advanced acquisition opportunities identified in Atturra's Capital Raising presentation

Atturra Limited (ASX: ATA), a leading technology services business, has announced the completion of the acquisition of ComActivity, a Sydney-based provider of innovative manufacturing software and services solutions based on Infor's M3 product suite. The acquisition will strengthen Atturra's position as a market leader for enterprise resource planning (ERP) solutions in the manufacturing industry in Australia and New Zealand, providing manufacturing clients with more options in digital transformation of their business. It will also expand Atturra's capabilities in Infor M3 from its existing capabilities in Infor Pathway. The upfront consideration for the acquisition is $9M in cash, with an additional earn-out/post-completion consideration of up to $5.5M in cash subject to ComActivity achieving performance hurdles based on audited EBITDA targets for FY25 and FY26. The purchase price, including upfront and deferred consideration, is based on a multiple of 6.95x forecast EBITDA. Integration costs are budgeted at $320,000. The acquisition completes the three advanced acquisition opportunities identified in Atturra's Capital Raising presentation released to the market on 13 November 2024. The acquisition delivers 61 new clients to Atturra in the Manufacturing sector and provides cross-sell opportunities for other Atturra services and products.