Lawyers only for Damstra, Vault deal – The Australian Financial Review

One of those is Grant Thornton’s review.
Damstra was due to front investors on Wednesday morning to explain the deal.
Shaw and Partners analyst Jonathon Higgins told clients the deal was likely to proceed, in his early view.
“A lot to digest with this acquisition,” he said in a quick take to clients.
“However, first pass is positive, particularly in the context of DTC seeing increasing traction and having upgrades flowing through.
“The price is reasonably full pre-synergies. However, we expect DTC to turbocharge the mobility products with an easy cross-sell and the cost synergies will raise the group materially.
“We further expect that DTC is likely to continue being aggressive on the acquisition space and would like to see something in N America to bulk up ambitions in this reason.”
In a presentation released on Wednesday morning, Damstra told shareholders the acquisition would help create a large, more diversified workplace management software company. Vault provides cloud-based and mobile-friendly health and safety risk software.
Damstra told investors to expect $4 million a year in operational synergies and said the deal was expected to complete in November.
Street Talk revealed the transaction on Tuesday.

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