Australian IT firm Atturra has acquired New Zealand-based Plan B through its subsidiary Cirrus Networks.
Plan B is a cloud, network connectivity, data center, and managed service provider.
The upfront consideration is NZD 20 million (US$11.7m), with earn-out/post-completion consideration of up to NZD 4.5 million (US$2.6m), subject to Plan B achieving performance hurdles based on audited targets for FY25.
Atturra said the acquisition will strengthen its current offerings and expand its services to all of New Zealand.
“The acquisition of Plan B fits into Atturra’s ambition to be a leader in managed services and this expands Atturra's presence into New Zealand. We see the acquisition of Plan B as a launchpad for further expansion both geographically and in capability, particularly with its network of five primary data centers across New Zealand,” said Stephen Kowal, CEO of Atturra.
Frazer Scott, CEO of Plan B, added: “The team at Plan B are delighted to be joining Atturra in what is a significant milestone for our companies. Plan B and Atturra have a shared focus on people and customer success, making the partnership a natural fit.”
Headquartered in Auckland, Plan B currently operates a national network of five data centers across New Zealand’s North and South Islands. The company has three facilities in Auckland, one in Christchurch, and one in Wellington.
The firm said it supports enterprise and mid-market clients across a broad range of industries in New Zealand and Australia.
Atturra is an ASX-listed company, providing enterprise advisory, consulting, and IT services and solutions. The company has had partnerships with OpenText, Microsoft, Cisco, HPE, and QAD.
