SYDNEY, AUSTRALIA: Atturra Limited (ASX: ATA), a leading advisory and technology services business specialising in designing, implementing, and maintaining IT solutions, announced that its subsidiary, Atturra Holdings, has exchanged a Share Purchase Agreement (SPA) to acquire Sabervox.
Headquartered in Newcastle, Sabervox specialises in providing managed IT services and cloud subscriptions to mid-sized customers in regional NSW and beyond.
CEO of Atturra, Stephen Kowal, said: “The acquisition of Sabervox expands Atturra’s managed services capabilities into regional NSW. We see the acquisition of Sabervox as a launchpad for further regional expansion and economies of scale associated with staffing, facilities and infrastructure. Sabervox is recognised as a trusted partner in regional NSW and this acquisition enhances our ambition to be Australia’s leading Advisory and IT solutions provider.
We look forward to having Dan Wright, Allan Ballantyne, and the team at Sabervox join Atturra, and also to the opportunity to provide exceptional service to their client base with the broad range of solutions Atturra has to offer.”
Managing Director of Sabervox, Dan Wright, said: “When we started this journey 15 years ago, we had a vision to bring quality IT services to businesses in regional areas. Becoming a part of Atturra reinforces what we have set out to do. With access now to Atturra’s extensive suite of services, we are confident of giving all our customers an unrivalled experience.
Our commitment to our customers will continue from our office in Newcastle with the same employees – many of whom have been with us from the start.”
The transaction is expected to complete on or around 29 September 2023, subject to the satisfaction of conditions precedent in the SPA, including obtaining consent to change of control in relation to material contracts.
The SPA otherwise contains additional provisions (including representations, warranties, and indemnities) considered usual for agreements of this nature.
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