Infotrust Completes $50m Divestment to Sharpen Cyber Security Focus

Spirit Technology Solutions Ltd. ( (AU:ITS) ) just unveiled an update.

Infotrust Ltd has completed the divestment of its Cloud & Communications segment, including 100% of Nexgen Investment Group, to Aussie Broadband for total consideration of up to $50 million. The deal delivers $44.1 million in upfront cash and up to $5.9 million in contingent payments tied to Nexgen’s EBITDA performance in FY26 or FY27, with Infotrust to provide transitional services for a limited period.

The transaction marks a significant milestone in Infotrust’s strategic shift toward becoming a focused cyber-first technology services provider and materially strengthens its balance sheet. The proceeds are expected to support the company’s cyber security growth strategy and acquisition pipeline, potentially enhancing its competitive position in Australia’s cyber security and managed technology market.

The most recent analyst rating on (AU:ITS) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Spirit Technology Solutions Ltd. stock, see the AU:ITS Stock Forecast page.

More about Spirit Technology Solutions Ltd.

Infotrust Ltd is a leading Australian sovereign cyber security and managed technology provider, offering integrated services and resilient technology solutions that help organisations remain secure, compliant and connected. The company focuses on cyber-first technology services, targeting clients that require robust security, regulatory compliance and reliable technology infrastructure across Australia.

Average Trading Volume: 26,600

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$89.38M

For detailed information about ITS stock, go to TipRanks’ Stock Analysis page.