Aconex Limited
(ASX:ACX) has completed the acquisition of Conject Holding GmbH.
The deal was announced on 17 March for a total cash consideration of €65 million.
Aconex raised approximately $120 million through the issue of more than 23 million fully paid, ordinary shares at an issue price of $5.20 per share, to fund the acquisition alongside integration costs and the provision of working capital for the Aconex group.
Aconex CEO Leigh Jasper said the company will focus on driving Conject’s revenue growth, also improving the company’s operating performance and margins over time by leveraging Aconex’s global infrastructure.
Aconex recorded a net profit of $4.5 million at 31 December 2015.
