SYDNEY: Australian consulting firm Veris Limited (VRS.AX) said on Monday it had agreed to acquire planning consultancy Mesh Livable Communities and a 50% stake in its digital platform Parsel, in a move to expand its higher-margin advisory and digital solutions business.
Veris will pay up to A$3.18 million for Mesh, comprising A$2.38 million upfront and up to A$0.8 million in milestone payments, the company said in a statement. It will also invest A$0.5 million for a half-share in Mesh-Dash Holdings, the operator of the Parsel platform.
The acquisition of Melbourne-based Mesh, which employs 28 people and generated A$5.7 million in revenue in FY25, is expected to be earnings accretive in its first year and add roughly A$6 million in annualised, high-margin revenue, Veris said.
The deal accelerates Veris’s strategy to grow its consulting and digital offerings. The proprietary Parsel platform, a subscription-based digital tool for development planning, is set to provide a scalable, recurring revenue stream that can be deployed across Australian state and local government jurisdictions.
“The transaction is expected to be accretive in year one, supported by operational synergies and no material increase to functional overheads,” said Veris Managing Director and CEO Dr Michael Shirley.
The transaction is subject to customary conditions and is expected to be completed by the end of November 2025.