Atturra Limited (ASX: ATA), through its subsidiary Cirrus Networks Holdings Pty Ltd, has completed the acquisition of Blue Connections Pty Ltd, a Melbourne-based IT solutions provider. The transaction includes an upfront cash consideration of AU$18 million, with potential earn-out payments of up to AU$7.5 million in cash or shares, subject to performance targets for FY26 and FY27. Integration costs are expected to be around AU$500,000.
Founded in 1997, Blue Connections delivers a broad range of IT services including networking, security, cloud solutions, procurement, lifecycle management, and 24x7 support. It is a Microsoft Partner and certified Microsoft Cloud Solution Provider, with a strong presence across enterprise, mid-market, and government sectors. Atturra sees the acquisition as a strategic step to expand its managed services capabilities, broaden its client base, and establish a key Victorian hub. The move is expected to drive growth, expand revenue streams, and enhance national service delivery.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.