AVADA Group Limited entered in a binding agreement to acquire Sta Traffic Management Pty Ltd fir AUD 8.5 million on August 24, 2023. Jean Paul Cellier will continue to manage the business after the transaction. The acquisition will be partially funded from net proceeds of Tranche 1 and Tranche 2 placement. The transaction is expected to be completed on or around 30 September 2023.

AVADA Group Limited (ASX:AVD) completed the acquisition of Sta Traffic Management Pty Ltd on October 23, 2023.