Auckland IT firm Plan B bought for $24.5m by ASX-listed Attura

Plan B operates five data centres across New Zealand. (Image: Getty)

Mon, 02 Dec 2024

Australian firm Atturra will complete an expected acquisition of Auckland-based information technology services provider Plan B for $20 million, plus a $4.5m earn-out.Plan B operates five data centres in New Zealand and serves 1,000 customers across Australia and NZ.The total purchase price is 6.2 times expected earnings before interest, tax, depreciation and amortisation.The earn-out is subject to performance based on financial metrics in the 2025 financial year.Atturra is a technology consulting firm headquartered in Sydney and listed on the...

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