Xero buys Denmark-based Planday for up to €183.5 million

Xero chief executive Steve Vamos giving a pre-covid presentation.

Thu, 04 Mar 2021

Xero has bought Planday, a workforce management platform with more than 350,000 employee users in Britain and Europe, for up to €183.5 million (NZ$305.30m), depending on how the business performs.The upfront payment is €155.7m, with about 45% of that being paid for with Xero shares, and with milestone payments of up to €27.8m.Xero said Planday's technology simplifies employee scheduling, allowing businesses to forecast and manage their labour costs."Aligned with Xero's strategic priority to grow the small business pl...

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