Diverger Limited (ASX:DVR) acquired AFSL Compliance Pty Ltd for AUD 3.34 million on November 30, 2022. The initial purchase consideration for AFSL Compliance is AUD 1.37 million to be settled on completion. A further two equal payments of AUD 0.685 million will be paid at 12 and 24 months, subject to AFSL Compliance achieving revenue performance targets. In addition, a third earn-out incentive of up to AUD 0.60 million, is payable subject to the business meeting an agreed uplift in earnings in the 3rd year. The acquisition is expected to be earnings accretive (pre synergies) to Diverger in FY23, with targeted revenue synergies commencing in year 1.

Diverger Limited (ASX:DVR) completed the acquisition of AFSL Compliance Pty Ltd on November 30, 2022.