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.
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