|Transaction||Vocus acquires Newcastle-based Ipera Communications|
|Value A$||$11 million|
Vocus Communications is a leading supplier of telecommunications, data centre and high bandwidth connectivity solutions to ISP and telecommunications markets in Australia and New Zealand. Founded in 2008 and listed on the ASX in 2010,Vocus owns and operates a global telecommunications network connecting Australia and NZ to the global Internet backbone in the USA.
The transaction was completed for a $9.8 million purchase price with 50% of the purchase price subject to a 12 month earn out. Initial consideration of $4.9 million will be funded 75% from existing cash, with the remaining 25% paid in Vocus shares.
The Ipera acquisition will allow Vocus to expand its fibre and data centre operations within the Newcastle region. Newcastle is one of the fastest growing economic regions in Australia and the 7th largest population centre.
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