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Vection Technologies Ltd. ( (AU:VR1) ) has issued an update.
Vection Technologies has completed the acquisition of Australian digital transformation firm DXLabs, adding $3.5 million in revenue and $0.8 million in EBIT, and retaining all staff including founder and CEO Luis Nejo. The deal, structured primarily in scrip with an additional performance-based earn-out, strengthens Vection’s Australian and broader APAC delivery capability, brings a portfolio of enterprise and government customers, and creates cross-selling potential by pairing Vection’s AI and spatial computing with DXLabs’ automation and integration expertise.
The most recent analyst rating on (AU:VR1) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Vection Technologies Ltd. stock, see the AU:VR1 Stock Forecast page.
More about Vection Technologies Ltd.
Vection Technologies Ltd is a global technology company specialising in extended reality and artificial intelligence solutions for enterprise digital transformation. Its integrated ecosystems combine XR, AI and 3D data to support training, product design, operations and customer engagement, with listings on the ASX, U.S. OTC markets and Frankfurt Stock Exchange.
Average Trading Volume: 10,737,715
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$72.1M
Find detailed analytics on VR1 stock on TipRanks’ Stock Analysis page.