MELBOURNE – Australian wealth management platform Praemium Ltd (ASX: PPS) said on Monday it will acquire technology solutions firm Technotia Laboratories in a $7.5 million all-share deal, aiming to accelerate artificial intelligence innovation and automation across its services.
Praemium will issue 9,047,045 ordinary shares at $0.829 each to acquire 100% of Technotia, founded by scientist James Murray-Parkes. Half of the shares will be released from escrow in December 2026 and the remainder in December 2027.
Completion is targeted for January 2026, subject to employment agreements with key personnel and the assignment of certain intellectual property. Technotia will continue to operate as a subsidiary under its existing brand, with Praemium non-executive director Daniel Lipshut appointed CEO.
Praemium said the acquisition will have minimal impact on fiscal 2026 results but is expected to be accretive from fiscal 2027. The company first partnered with Technotia in 2024 to enhance its superannuation solution, citing measurable efficiency gains.
“This partnership creates an innovation engine uniquely positioned for margin expansion, scale and competitive differentiation,” Lipshut said. Praemium CEO Anthony Wamsteker added the deal would help advisers deliver hyper-personalised strategies and superior investment outcomes.