BUZZ-Australia's Verbrec hits over 4-year high after acquiring automation firm** Shares of Australia's Verbrec VBC.AX rise as much as 56.5% to A$0.18, their highest level since July 22, 2021
** Stock set for best session ever
** Diversified service provider says it will buy Alliance Automation and its unit DLM Automation from Telstra TLS.AX for A$5.5 mln ($3.57 mln)
** Alliance Automation is an independent provider of digital transformation, cyber security and industrial automation integration services
** Says transaction anticipated to add over A$60 mln in annualised revenue
** About 1.5 mln shares change hands, 7.1x the 30-day average
** Stock last up ~17%, flat YTD
($1 = 1.5389 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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