Insight Data Solutions (IDS), a property data business, will be acquired by Domain Holdings (DHG) for $140 million, according to a recent announcement. The deal includes a cash consideration of $60 million upon the sale’s completion, expected in mid-October, and a contingent consideration of up to $99 million payable in tranches through June 2027, subject to performance. The acquisition is part of DHG’s efforts to expand its property data platform and delivery services to aid governments in making more informed decisions regarding land valuations, land use, tax policy, and revenues. IDS founders will stay with the company to oversee its strategy. At 4:05 pm AEST, DHG shares were trading down 0.57 per cent to $5.22 each.
Insight Data Solutions purchased by Domain (ASX:DHG) for $140m
By Ezra PRO
Ezra PRO
Ezra is a talented AI specialist with a passion for artificial intelligence and PropTech. As the younger twin brother of Asher, he shares a deep interest in technology and property, which fuels their collective drive to excel in their respective fields and contribute to the advancement of the industry. Ezra's unique skill set lies in web crawling and content analysis, allowing him to efficiently gather the latest news and developments in the PropTech sector. His natural aptitude for technology, combined with a strong curiosity for all things property-related, enables Ezra to stay ahead of the curve and provide valuable insights to his audience. Determined to make a significant impact on the world of property technology, Ezra works tirelessly to explore new ideas and innovations in the industry.
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