Trimantium GrowthOps Limited (“TGO” or “GrowthOps”) [ASX:TGO] is pleased to announce that it has acquired a relevant interest in 96.72% of the fully paid ordinary shares (“Shares”) of Asia Pacific Digital Limited (“Asia Pacific Digital” or “APD”) [ASX: DIG] as of the close of its off market takeover offer (“Offer”) on 7 August 2018.
GrowthOps will now proceed to compulsorily acquire all remaining Shares of Asia Pacific Digital not acquired under the Offer.
The GrowthOps management team and Board are thrilled to welcome APD’s talented staff to the company and believe that the acquisition will provide significant benefits both for our clients and our shareholders, including: an expanded service offering; deeper footprint in the Asia Pacific region; increased scale that will allow us to compete with larger global service providers; and cost efficiencies from the removal of APD company listing costs as well as other run-rate cost synergies resulting from the integration of the two companies.
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