The Aqura sale transaction delivers $30m cash consideration and represents the crystallisation of significant value for Veris and its shareholders.
ersonal use
TRANSACTION
PURPOSE
• Sale of 100% of Aqura to Telstra
• The Aqura sale is a compelling
Purple for $30m in cash.
outcome for all of Veris'
• Cash consideration represents 98%
stakeholders, including
shareholders.
of Veris' market capitalisation prior
• Strongly positions Veris to grow
to announcement.
• Completion expected to complete
its Digital and Spatial service
offering.
on 28 February 2022
• Veris Ltd will be in a position to
(subject to terms and conditions
customary for a transaction of this
retire all bank debt and be well
nature).
capitalised with a strong balance
sheet and net cash position.
USAGE
This balance sheet strength positions Veris Australia to pursue its growth ambitions.
Underpins the continued execution of Veris Australia's Digital and Spatial strategy.
Disciplined approach to capital deployment.
Considering capital management initiatives to enhance shareholder value.
2
ersonal use only
Veris investment highlights
Fully
Capital
Sustained
funded
strength
growth
StronglyDifferentiated
positionedstrategy
3
use only
Veris
Driving value through the power of spatial data.
ersonal
Subject matter experts in spatial data services delivering end-to-end solutions for our clients.
With over 530 personnel and 18
office locations across
Australia, Veris combines national strength with local knowledge and expertise to ensure the best outcomes for clients.
New leadership team
Aqura Technologies
transaction delivers $30m
driving strategy and best
cash consideration and
for business outcomes.
provides funding to
accelerate growth
strategy.
4
Who we are and how we deliver solutions to clients
Veris Australia is a leading provider of spatial data services.
ersonal use only
Engineering
Survey
Civil construction and engineering survey solutions for major infrastructure.
Digital &
Spatial
3D scanning, digital & spatial data capture, storage, management, analysis and visualisation.
Property
Survey
Land surveying, cadastral and consulting solutions for urban renewal and greenfield developments and commercial property.
Planning and
Urban Design
Due diligence, strategic planning, master planning, place-making and planning approvals.
5
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Veris Limited published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 22:50:51 UTC.
Veris Limited is an Australia-based spatial data services provider. The Company is engaged in the professional service business delivering end to end spatial data solutions to both private and public sector clients that includes data collection, analysis, interpretation as well as data hosting and access, modelling, sharing and insights for clients with large-scale data requirements in the infrastructure; property; energy, mining, and resource; defense; agribusiness; tourism; leisure, and government sectors throughout Australia. Its services include digital and spatial, engineering survey, property survey, and town planning and urban design. The Company's digital and spatial services include terrestrial laser scanning, mobile laser scanning, geographic information systems, and data-as-a-service and artificial intelligence. The Company's engineering survey services include infrastructure, tunnelling and subsurface utilities. Its property survey services include cadastral and consulting.
VERIS LIMITED 
