SYDNEY: Veris Limited (ASX: VRS) announced Thursday the acquisition of Melbourne-based Spatial Vision Innovations Pty Ltd for up to $3.0 million, aiming to enhance its digital solutions and advisory services. The acquisition is expected to be finalized by early March 2025, subject to conditions precedent. Spatial Vision, founded in 1999, provides spatial solutions and GIS…
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Veris Limited spearheads Digital Twin Victoria partnership
SYDNEY, AUSTRALIA: Veris Limited (ASX: VRS), a premier spatial data services provider, has been chosen to lead a consortium as the Digital Twin Victoria (DTV) Innovation Partner for a three-year term. This collaboration is set to deliver substantial value to Veris’ operations, although the contract’s total worth remains undisclosed due to evolving service scopes. The…
Aqura signs new multi-year service contracts with BHP and ATCO
SYDNEY: Veris Limited announced that its wholly owned subsidiary, Aqura Technologies, has recently signed new multi-year service contracts with major blue-chip customers ATCO and BHP. These contracts continue to demonstrate the execution of Aqura’s strategy to evolve its earnings base with the addition of recurring revenue models which complement the business’ traditional project execution focus.…
Veris Limited sells Elton Consulting for $13mn
MELBOURNE: Veris Limited has sold Elton Consulting Pty Ltd to WSP Australia Pty Limited for $13million. The sale of Elton will result in a significant reduction in net debt and a cash injection that will significantly strengthen Veris’ balance sheet allowing the company to focus on growth opportunities within its core business Veris Australia, and…