Australia
Damstra completes acquisition of Vault Intelligence
Damstra Holdings Ltd (ASX:DTC) has successfully implemented a scheme of arrangement related to the acquisition of all the issued capital in Vault Intelligence Ltd (ASX:VLT).
The acquisition marks a major milestone in continued implementation of the growth strategy for Damstra, an Australian-based provider of integrated workplace management solutions.
Accelerate international expansion.[hhmc]
Damstra CEO and managing director Christian Damstra said: “Our organic growth outlook remains strong but an acquisition such as Vault represents a low risk and transformational step to gain increased scale and diversification.
“These and other benefits will allow Damstra to accelerate innovation and our international expansion.
“A great example of the complementary fit and cross-selling opportunity will be the inclusion of Vault remote tracking and lone worker products such as Solo in the Damstra product module.
“We have a clear implementation plan and pathway forward, and Damstra has demonstr..
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