Atturra Limited has announced a significant step forward in its expansion strategy with the acquisition of Exent Holdings Pty Ltd, a Brisbane-based advisory and consulting firm specializing in business transformation. The deal, valued at $8 million, consists of an initial $6 million in cash, with an additional $2 million contingent upon Exent achieving specified performance targets in the first half of FY25. This move underscores Atturra’s commitment to bolstering its advisory capabilities beyond its traditional Canberra and Defence sectors, aiming to extend its footprint across various industries nationwide.
Exent brings to the table a strong reputation for delivering vendor-neutral business transformation advisory services, particularly in sectors such as aged care and health. This expertise is expected to complement Atturra’s existing strengths, positioning the combined entity as a leader in technology-enabled transformations across Australia. Stephen Kowal, CEO of Atturra, expressed optimism about the acquisition, highlighting the strategic fit between the two firms and their shared commitment to delivering impactful client outcomes.
Founded with a mission to innovate the consulting landscape, Exent has built a track record of success in guiding organizations through comprehensive technology, process, and people-centric transformations. Joe Fazzari, Founder of Exent, emphasized the cultural alignment and synergies between the two organizations, noting that the acquisition will enable them to leverage Atturra’s extensive resources and reputation in the market. The transaction is slated to be completed by the end of July 2024, pending regulatory approvals and customary closing conditions.
The acquisition of Exent by Atturra marks a pivotal moment in both firms’ growth trajectories, promising expanded service offerings and career opportunities for their combined team. As Atturra strengthens its position in Australia’s technology services sector, the integration of Exent’s capabilities is expected to drive continued innovation and client-centric solutions in the evolving landscape of business advisory and consulting.
