Atturra Acquires Somerville Group
March 9, 2023
Sydney-based Atturra has agreed to acquire Somerville Group for A$15 million in cash plus 1,647,059 Atturra shares, with up to A$2.6 million of earn-out consideration tied to FY23–FY24 performance. The deal adds Somerville’s managed services, cloud, security and education-sector capabilities to Atturra’s offerings and is expected to complete by 31 March 2023.
- Buyers
- Atturra
- Targets
- The Somerville Group Pty Ltd
- Industry
- IT Services
- Location
- New South Wales, Australia
- Transaction Type
- Buyout
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