Sequoia Financial Group Ltd (ASX:SEQ) (Sequoia) announced that it has acquired the business of one of its long-term providers of legal services, Australian Business Structures Pty Ltd (ABS) for a cash consideration of $2,000,000 through its subsidiary Docscentre Pty Ltd.
ABS has been providing NTAA Corporate Pty Ltd and Docscentre Pty Ltd a range of proprietary legal documents for more than 20 years and today’s acquisition is a milestone event for the growth of our professional services division in that we can broaden our product offering and enhance margin of this division within Sequoia.
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