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Domain Holdings Australia Announces Acquisition of Insight Data Solutions

16 Sep 2021  |  08:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisition of Insight Data Solutions

Domain Holdings Australia announced that it has entered into a binding agreement to acquire Insight Data Solutions (IDS). It marks another step forward in executing on its marketplace strategy. The consideration payable at completion is $60m in cash. Additional contingent consideration is payable in tranches over the performance period between completion and June 2027. Payment of each tranche of contingent consideration is triggered by the achievement of commercial and financial outcomes of the IDS business relating to securing and delivering services under new customer contracts.

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