PERTH: Australian technology firm Vection Technologies Ltd said on Monday it has agreed to acquire digital transformation company Digital Experience Labs Pty Ltd (DXLabs) in an all-scrip deal, aiming to strengthen its earnings and expand its footprint in the Asia-Pacific region.
The acquisition, which is expected to close by Oct. 31, will add approximately A$3.5 million ($2.3 million) in revenue and A$0.8 million in EBIT to Vection, the company said in a statement.
DXLabs, a fast-growing Australian firm specialising in automation and systems integration, serves enterprise clients in sectors such as government, insurance, and finance. The deal is structured with an upfront consideration of A$2.1 million in Vection shares, valuing the transaction at 2.8 times EBIT.
An additional performance-based earn-out of up to A$2.1 million in shares is tied to DXLabs’ EBITDA performance for fiscal 2026.
Vection, which trades on the Australian Securities Exchange under the ticker VR1, said the acquisition would provide a “launchpad” for its expansion across APAC and unlock cross-selling opportunities by integrating its AI and spatial computing solutions with DXLabs’ automation platforms.
“This acquisition allows us to strengthen our Australian footprint, adding immediate revenue and EBIT, and brings on board a proven team with enterprise customers in key industries,” said Gianmarco Biagi, Managing Director of Vection Technologies.
Luis Nejo, CEO of DXLabs, will remain with the business along with all staff. Nejo said the move would allow DXLabs to leverage Vection’s global technologies and scale.
Completion of the deal remains subject to due diligence and execution of definitive agreements.
($1 = 1.5203 Australian dollars)