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Veris Limited (ASX:VRS)

ALERT: Price-sensitive ASX Announcement for VRS
Current share price for VRS : $0.061 -0.012 (-16.44%)+
Announcement
Release
20 Oct 2025 8:20AM
Price at Release
$0.073
Full Release
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Summary
Veris Limited, an Australian digital and spatial data advisory and consulting firm, announced the acquisition of 100% of Mesh Livable Communities Pty Ltd and a 50% equity stake in Mesh-Dash Holdings Pty Ltd, developer of the Parsel platform. The acquisition, valued at up to $3.18 million, aims to enhance Veris's consulting and advisory services while accelerating its digital strategy. The Parsel platform, a subscription-based digital solution for infrastructure planning, will contribute to scalable, recurring revenue and complement Veris's existing digital offerings. The transaction is expected to be earnings accretive in the first year and will be completed by the end of November 2025.
Key Points
  • Veris Limited acquires 100% of Mesh Livable Communities Pty Ltd.
  • Veris also acquires 50% equity in Mesh-Dash Holdings Pty Ltd.
  • The Parsel digital platform complements Veris's digital strategy.
  • The acquisition is valued at up to $3.18 million.
  • The transaction is expected to be completed by November 2025.
  • The acquisition is expected to be earnings accretive in the first year.
  • Parsel provides a scalable, subscription-based revenue stream.
  • Strengthens Veris's planning and urban design capabilities.
  • Enhances Veris's presence in the east coast property market.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.