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Veris Limited (ASX:VRS)

ALERT: Price-sensitive ASX Announcement for VRS
Current share price for VRS : $0.060 -0.01 (-14.29%)+
Announcement
Release
2 Dec 2025 8:24AM
Price at Release
$0.070
Full Release
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Summary
Veris Limited has successfully completed its acquisition of Mesh Livable Urban Communities Pty Ltd, a Melbourne-based consultancy specializing in planning, urban design, and landscape architecture. The acquisition also includes a 50% equity stake in Mesh-Dash Holdings Pty Ltd, the developer of Parsel, a digital platform for development planning. The acquisition is part of Veris' strategy to expand its higher-margin consulting and digital solutions offerings. The transaction totaled $1.55 million in cash and $0.83 million in Veris shares, along with a payment of $0.5 million for the 50% interest in Mesh-Dash. The Parsel platform is expected to provide scalable, recurring revenue while enhancing Veris' capabilities across the Australian planning market.
Key Points
  • Completion of acquisition of Mesh Livable Urban Communities Pty Ltd.
  • Acquisition of 50% equity stake in Mesh-Dash Holdings Pty Ltd.
  • Strategy to expand higher-margin consulting and digital solutions.
  • Total consideration of $1.55 million in cash and $0.83 million in Veris shares.
  • Payment of $0.5 million for 50% interest in Mesh-Dash.
  • Parsel platform to enhance Veris' capabilities and provide recurring revenue.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.