OneVue acquires Super Managers Australia

Company News

OneVue Holdings Limited (ASX:OVH) has completed the purchase of 100 percent of Super Managers Australia Pty Limited.
 
The company told shareholders the acquisition expands OneVue’s superannuation capabilities further into the fast growing superannuation sector.
 
The final total consideration was $5.2 million, financed via a new four-year debt facility from ANZ Bank.
 
The group will be renamed OneVue Super Services.
 
 OneVue recorded a net loss of $220,000 at 30 June 2015.