ASX-listed Empired buys Intergen for A$17.4 mln in cash and shares

Mon, 20 Oct 2014

By Paul McBeth Oct. 21 (BusinessDesk) - ASX-listed IT firm Empired has bought local IT firm Intergen for A$17.4 million in cash and shares to build the biggest trans-Tasman Microsoft services provider. The Perth-based company will pay A$1.8 million in cash and issue 4.3 million shares upfront, with a further A$12.4 million in cash earn-outs over the next three years, to buy the privately held New Zealand firm, it said in a statement to the ASX. The acquisition will add A$60 million in annual revenue to Empired, and the Australian firm ant...

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