8 Acquisitions of Companies in Melbourne

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Melbourne. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 8 acquisitions that took place in Melbourne .

Acurus acquired by Superloop

Details about the transaction:

Acquisition amount:

$15,000,000

Announcement:

25 May 2022

Details about the company:

Acurus is a white label and technology consulting company situated in Melbourne.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Consulting, Information Services, Information Technology

Details about the buyer:

An innovative and independent provider of Dark Fiber infrastructure, Superloop Limited (ASX:SLC) specializes in planning and building.

Headquarter:

Brisbane, Queensland, Australia

Where to find them:

Paygroup acquired by Deel

Details about the transaction:

Acquisition amount:

$79,952,583

Announcement:

21 November 2022

Details about the company:

Paygroup is a supplier of cloud-based Human Capital Management (HCM) software and business process outsourcing (BPO) services.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Human Resources, Outsourcing, SaaS, Software

Details about the buyer:

Deel is a platform for payroll and compliance for foreign workers and contractors.

Headquarter:

San Francisco, California, United States

Where to find them:

Common Code acquired by Ackama

Details about the transaction:

Acquisition amount:

$1,805,670

Announcement:

17 November 2022

Details about the company:

A web application development company called Common Code provides digital and software services to businesses, municipalities, and other organizations.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Database, Software, Web Design, Web Development

Details about the buyer:

Ackama is a firm that develops custom online and mobile applications.

Headquarter:

Wellington, Wellington, New Zealand

Where to find them:

eCreators acquired by Learning Technologies Group

Details about the transaction:

Acquisition amount:

$3,864,713

Announcement:

25 September 2020

Details about the company:

eCreators offers e-learning materials to a variety of clients.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

E-Learning, Software

Details about the buyer:

E-learning services are provided by Learning Technologies Group.

Headquarter:

Brighton, East Sussex, United Kingdom

Where to find them:

Paxus Corporation acquired by Adcorp

Details about the transaction:

Acquisition amount:

$63,185,830

Announcement:

13 December 2012

Details about the company:

After combining with The Continuum Business in Texas in 1993, the Australian publicly traded IT company Paxus Corporation

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Human Resources, Information Technology, Staffing Agency

Details about the buyer:

A consulting firm is Adcorp.

Headquarter:

Bryanston, NA - South Africa, South Africa

Where to find them:

Synchronised Business Services acquired by WT Financial Group

Details about the transaction:

Acquisition amount:

$7,960,000

Announcement:

14 March 2022

Details about the company:

Financial advising services are offered in the areas of insurance, budgeting, asset allocation, and savings by Synchronised Business Services.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Advice, Financial Services, Insurance, Risk Management

Details about the buyer:

A diverse financial services company is WT Financial Group.

Headquarter:

Sydney, New South Wales, Australia

Where to find them:

Transpire Technology acquired by CI&T

Details about the transaction:

Acquisition amount:

$16,425,986

Announcement:

16 August 2022

Details about the company:

Transpire Technology enables companies to enhance people's lives through valuable digital experiences.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Information Services, Information Technology

Details about the buyer:

A partner in end-to-end digital transformation, CI&T is a digital expert.

Headquarter:

Campinas, Goias, Brazil

Where to find them:

Wisenet acquired by Adapt IT

Details about the transaction:

Acquisition amount:

$2,163,720

Announcement:

9 January 2019

Details about the company:

Vocational training schools can use Wisenet's "software-as-a-service learning relationship management system."

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Information Technology, SaaS, Software

Details about the buyer:

Innovative ICT company Adapt IT Holdings Limited is situated in South Africa and listed on the Johannesburg Stock Exchange (JSE).

Headquarter:

Midrand, NA - South Africa, South Africa

Where to find them: