ATTURRA LIMITED — M&A Activity 2024

Dec 4, 2024

Atturra Limited ABN 34 654 662 638

==> picture [95 x 24] intentionally omitted <==

ASX Announcement 5 December 2024

Atturra to acquire Sydney-based ComActivity, a leading provider of innovative manufacturing solutions based on Infor’s M3 product suite

Key highlights:

• Atturra Limited ( Atturra ), through its subsidiary Galaxy42 Group Pty Ltd (ACN 627 989 584) to acquire Brooks Investment Partners Pty Ltd (ACN 129 010 126) ( ComActivity ) ( Acquisition ), a leading provider of innovative manufacturing solutions based on Infor’s M3 product suite.

• The Acquisition will strengthen Atturra’s position as a market leader for enterprise resource planning ( ERP ) solutions in the manufacturing industry in Australia and New Zealand, providing manufacturing clients with more options in digital transformation of their business. It will also expand Atturra’s capabilities in Infor M3 from its existing capabilities in Infor Pathway.

• This acquisition completes the three identified advanced acquisition opportunities identified in Atturra’s Capital Raising presentation released to market on 13 November 2024

• The upfront consideration is $9M in cash with earn-out/post-completion consideration of up to $5.5M in cash subject to ComActivity achieving performance hurdles based on audited EBITDA targets for FY25 and FY26. The purchase price, including upfront and deferred consideration, is based on a multiple of 6.95x forecast EBITDA. Integration costs have been budgeted at $320,000.

Sydney, 5 December 2024 – Atturra Limited (ASX: ATA), a leading technology services business in designing, implementing, and maintaining IT solutions, is pleased to announce that its subsidiary, Galaxy42 Group Pty Ltd, has exchanged a Share Sale Agreement ( SSA ) to acquire ComActivity.

The ComActivity Acquisition is “Acquisition 2” referred to on page 16 of the Capital Raise presentation released to the market on 13 November 2024. Proceeds from the recent capital raising will be used to fund the purchase price for the acquisition.

Sydney-based ComActivity has a solid reputation in the ANZ region for providing innovative Manufacturing solutions based on Infor's M3 product suite and associated consulting services. This acquisition delivers 61 new clients to Atturra in the Manufacturing sector and provides cross-sell opportunities for other Atturra services and products.

CEO of Atturra, Stephen Kowal, said:

“Atturra's strategy is built with a strong focus on both technology and industry specialisation, making the acquisition of ComActivity a perfect fit. Atturra sees manufacturing as a key industry within the company’s portfolio. It is an important contributor to the Australian economy, and we have a great loyal client base in this industry. With ComActivity on board, our manufacturing industry focused ERP technology capabilities expand significantly, allowing us to deliver cutting-edge solutions powered by Infor’s M3 product suite. This is an exciting step in Atturra’s strategy of picking leading technologies, and focusing on being a market leader, ensuring the company can offer best-in-class solutions to its clients.

We welcome Jason Levick and the wider ComActivity team to Atturra and look forward to working closely with them to integrate the ComActivity business into Atturra.”

Atturra Limited ABN 34 654 662 638

==> picture [95 x 24] intentionally omitted <==

Co-Founder of ComActivity, Jason Levick, said:

"We are thrilled to join forces with Atturra, a leading IT solutions provider whose vision and culture align very tightly with ours. Over the years, ComActivity has established itself as a leading solutions provider of Infor M3 solutions, driving success for our clients specifically in manufacturing, food and beverage, distribution, equipment and asset intensive industries. This partnership will amplify our ability to deliver world-class solutions and create greater value for our clients. Together, with Atturra's expansive resources and expertise, we are poised to take our innovative approach to the next level while maintaining the strong culture that has been the foundation of our success."

The transaction is expected to be completed on or around 31 December 2024 subject to the satisfaction of conditions precedent in the SSA, including obtaining change-of-control consents required under ComActivity's material contracts.

The SSA otherwise contains additional provisions (including conditions precedent, representations, warranties and indemnities) considered usual for agreements of this nature.

- ENDS –

This announcement has been authorised for release by the Board of Atturra Limited.

About Atturra:

Atturra is an ASX-listed technology business providing a range of enterprise advisory, consulting, IT services and solutions with a focus on local government, utilities, education, defence, federal government, financial services and manufacturing industries, Atturra has partnerships with leading global providers including Boomi, Cisco, HP, HPE, Infor, Microsoft, Nuix, OpenText, QAD, Smartsheet, Snowflake, and Software AG, and its clients are some of the largest public and private sector organisations in Australia. For more information visit: www.atturra.com.

About ComActivity:

ComActivity is a trusted provider of comprehensive end-to-end supply chain technology solutions, system integration, and digital transformation services for organisations across the supply chain. Established in 2005, the company has emerged as a leading service provider of Infor CloudSuite solutions in the Australia and New Zealand (ANZ) region. ComActivity's team of over 40 experienced consultants, many of which come directly from industry, span across Australia and New Zealand, delivering innovative technology solutions to both local and global manufacturing, food and beverage, distribution, equipment and asset intensive organisations

Contacts:

Investors Danny Younis

P: 02 8260 7919 E: investorrelations@atturra.com

Media Dylan Mark P: 02 8260 7918 E: media@atturra.com