PAX Global Technology Completes Acquisition of Pax Technology Australia

Reuters12-12
PAX Global Technology Completes Acquisition of Pax Technology Australia

PAX Global Technology Limited has completed the acquisition of the entire issued shares of Pax Technology Australia PTY Ltd., making it an indirect wholly-owned subsidiary. The acquisition was finalized on 1 September 2024, following a share purchase agreement with Eagle Fintech Australia PTY Ltd., which previously held an 80% stake in the target company. The transaction also involved a distributorship agreement granting the acquired company rights to distribute PAX products in Australia and New Zealand.

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