SHARE

The Rumours Were True: Australia’s Atturra Acquires NZ’s Plan B

Australia’s Atturra continues its acquisition spree with Plan B, gaining five data centers and more than 1,000 clients through its first major push into NZ.

Written By: Matthew Sainsbury

Dec 3, 2024

Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Atturra, one of Australia’s leading technology solutions providers and a major trend-maker in the current cycle of industry consolidation and M&A activity has confirmed that it has acquired Plan B for $20 million.

Announcement confirms months-long rumour mill

Rumours of this acquisition have been running through the media since October. As Channel Insider reported at the time, Plan B was shaping up to be a significant acquisition for Atturra, giving the company a major play in the Aotearoa New Zealand market.

“The acquisition of Plan B fits into Atturra’s ambition to be a leader in managed services and this expands Atturra’s presence into New Zealand. We see the acquisition of Plan B as a launchpad for further expansion both geographically and in capability, particularly with its network of five primary DCs across New Zealand. Plan B is recognised as a trusted partner in New Zealand and this acquisition perfectly aligns with our strategy,” said Atturra CEO Stephen Kowal in a statement to the ASX.

Plan B is the largest, but not the first, acquisition for Atturra

This is the largest acquisition Atturra has made during its aggressive growth strategy over the past two years. The previous largest acquisition was the substantial acquisition of Somerville for $16.5 million. Between these tentpole acquisitions, it has also made smaller, strategic acquisitions, including Sabervox ($5 million) and Exent ($8 million).

In a statement to the ASX, Atturra acknowledged that a recent capital raise had been used to fund the acquisition. Regarding infrastructure, Atturra gains a network of five data centers across both the North and South islands of New Zealand. Plan B also counts over 1,000 Australian and New Zealand clients. This will immediately translate to increased revenue for the group, with the ASX statement noting that Plan B’s clients represented a “highly predictable revenue stream.”

Today’s news comes on the back of Atturra making a much smaller acquisition two weeks ago of Chrome Consulting, a SAP/OpenText specialist, through one of its subsidiaries, Anatas. That acquisition was valued at $5 million, between cash and shares.

Learn more about the APAC region’s IT channel, including why growth might be a bigger opportunity for MSPs than innovation in 2025, with Channel Insider’s regional news coverage.

Matthew Sainsbury

Matthew is a Sydney-based multi-disciplinary journalist that has covered IT for 15 years. . In particular, he covers B2B IT and other channel topics in the APAC region. In addition to Channel Insider, Matthew’s work has been published on ARN, where he previously served as the editor, as well as CRN and AFR. On the side, Matthew is an award-winning arts and entertainment critic and author, and he also participates on the judging panel for the Australian IT Journalism Awards.

The Rumours Were True: Australia’s Atturra Acquires NZ’s Plan B

Announcement confirms months-long rumour mill

Plan B is the largest, but not the first, acquisition for Atturra

Matthew Sainsbury

Recommended for you...

Company

Categories