Telstra Group Limited agreed to acquire Versent Pty Ltd from Washington H. Soul Pattinson and Company Limited, founders, employees and investors for approximately AUD 260 million.

Telstra Group Limited (ASX:TLS) agreed to acquire Versent Pty Ltd from Washington H. Soul Pattinson and Company Limited, founders, employees and investors for approximately AUD 260 million on October 11, 2023. Versent Pty Ltd reported revenue of AUD 130 million in FY23. Transaction is subject to various conditions being met, including certain securityholder processes.

Completion is expected to occur within the next six weeks . Goldman Sachs Australia Pty Ltd acted as financial advisor to Versent.