SYDNEY, AUSTRALIA: Atturra Limited (ASX: ATA) announced that Atturra Holdings has exchanged a Share Sale and Purchase Deed (SSPD) to acquire Somerville. Atturra Limited is the leading advisory and technology services business in designing, implementing, and maintaining IT solutions.
Headquartered in Sydney, with offices in Melbourne and Brisbane, Somerville provides a wide range of enterprise-grade managed services including cloud, connectivity, modern workplace, security, and hardware and software lifecycle management. Somerville also has a strong position in the education sector with its solutions mix which supports over 285 schools in Australia.
CEO of Atturra, Stephen Kowal, said: The acquisition of Somerville will be significant, as it will not only provide Atturra with a broad-based managed services capability to facilitate large end-to-end projects, but it will also strengthen our position within the Australian education sector.
We are excited to have the opportunity to bring Somerville into the Atturra fold, as it is a trusted technology partner with over 30 years’ experience offering solutions that will complement the Atturra offerings. I am particularly excited to have the industry-leading team of Adrian Toole, David La Bozzetta and Craig Somerville join the Atturra team”
CEO and Founder of Somerville, Craig Somerville, said: “This acquisition represents an outstanding opportunity for Somerville’s staff, clients, and partners. Atturra has forged a strong reputation as a well-respected player within the Australian IT services industry, with long-standing client and partner relationships”.
The transaction is expected to complete on or around March 31, 2023, subject to the satisfaction of conditions precedent in the SSPD, including obtaining the change-of-control consents required for Somerville’s material contracts.