Countplus takes stake in Canberra firm
Count Financial subsidiary Countplus has picked up a 25 per cent share in a specialist Canberra-based payroll and advice firm, Achieve Corporation.
Count announced to the Australian Securities Exchange today that the transaction represented Countplus’ 13th acquisition.
Count said the transaction had involved the payment of $970,904 for a 25 per cent interest, which was settled with $388,241 in cash and $582,362 in Count shares.
Commenting on the move, Countplus chief executive Jeremy Wardell said the business had unique intellectual property in its administration that was highly scalable and also applicable to other industries that employ contractors.
AUTHOR
Mike Taylor
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