Diverger Limited announced the acquisition of AFSL Compliance Pty Ltd

Diverger Limited (ASX: DVR) announced that it has entered into the agreement, effective from 01 December 2022, to buy 100% equity interest in AFSL Compliance Pty Ltd, a licensee support business. The preliminary purchase consideration for AFSL Compliance is AU$1.37 million to be settled on completion. Two equal payments of AU$0.685 million will be paid at twelve and twenty-four months, subject to AFSL Compliance revenue performance targets.

In addition, a third earn-out incentive of up to AU$0.60 million, subject to the business meeting an agreed uplift in earnings in the 3rd year. This agreement will help the company to build company’s scale and supplements the company’s growth trajectory towards the FY25 growth targets.

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