Zoom2u Ltd (ASX: Z2U) acquires Local Delivery Shopify App.
Zoom2u Ltd (ASX: Z2U) is pleased to announce the acquisition of the Local Delivery Shopify App from Enum Pty Ltd. Zoom2u will buy the assets associated with Local Delivery for a cash consideration of A$880,000 (including GST), which will be paid on completion of the transaction which is expected to occur in the coming days. The acquisition expands Zoom2u’s footprint into North America and the UK, accelerates the offering of Locate2u subscription-based software to existing and new Local Delivery customers, and adds incremental ARR of approximately A$145,000 p.a.
Following the announcement, shares of Z2U traded 26% higher at $0.47/share.
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