Vection Technologies Ltd, the integrated extended reality (XR) company headquartered in Australia, has announced a binding agreement to acquire the business of Invrsion Srl, a leading technology company specializing in three-dimensional (3D) and mixed reality solutions for the fashion, retail consumer goods, and real estate sectors. This acquisition enhances Vection Technologies' leadership in the XR technology field, allowing them to deliver innovative XR solutions to their customers and unlock new growth opportunities. The integration of Invrsion's technology into Vection Technologies' INTEGRATEDXR suite will provide an enhanced customer experience and expanded capabilities. The acquisition has an immediate positive impact on value, with a revenue of $51.7 million and positive earnings before interest, taxes, depreciation, and amortization. The consideration for the acquisition is performance-based, with a floor share price of 50.10, vesting after June 30, 2026, demonstrating the vendor's commitment to supporting Vection Technologies' long-term organic growth strategy.
Invrsion, renowned for its client portfolio featuring globally recognized brands such as Walgreens, Ferrero, Nestle, Coca-Cola, and Diageo, along with notable partnerships with Microsoft, Ipsos, and Sketchfab, strengthens Vection Technologies' position in the XR technology space. The strategic move aligns with Vection Technologies' vision to expand its technology portfolio and leverage Invrsion's expertise in industry-focused, cutting-edge 3D and mixed reality solutions. This acquisition positions Vection Technologies as a frontrunner in the XR technology field, poised for continued growth in the evolving fashion, retail, consumer goods, and real estate sectors.