McCullough Robertson (acting for OneVue Holdings Limited) and King & Wood Mallesons (acting for Iress Limited) have successfully advised on the acquisition by Iress Limited (ASX: IRE) of OneVue Holdings Limited (ASX: OVH) by scheme of arrangement.

The scheme comprised all-cash consideration for 100% of shares at a total value of A$115.2 million ($0.43 per share), and was unanimously supported by OneVue’s Board of Directors.

The strength of OneVue’s execution and service model paired with the distribution and technology offered by Iress, dramatically hastens the execution of the strategy beyond what the two organisations could accomplish independently.

Congratulations to the OneVue team.

To read the ASX announcement, please click here.