Vection Completes DXLabs Acquisition for $2.07M

Vection Technologies has completed its acquisition of Australian digital transformation company DXLabs. The deal adds immediate revenue of $3.5 million and $0.8 million in EBIT to Vection.

The acquisition was completed via upfront consideration of $2.07 million, paid in Vection shares, with performance-based earn-out payments of up to $2.1 million tied to EBITDA targets. DXLabs reported 39% year-on-year revenue growth in FY25, and all DXLabs staff, including CEO Luis Nejo, will be retained.

Management expects integration to be completed within a month, with escrow on part of the upfront consideration for up to three years and the earn-out expected to be settled by September 2026.