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Tech & Innovation
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IkeGPS raises $6.4m to buy US engineering firm

The acquisition is expected to be revenue-positive immediately.

Fri, 27 Sep 2019

Laser measurement toolmaker IkeGPS has raised $6.4 million to buy American engineering software developer PowerLine Technology (PLT).

IkeGPS has bought PLT for $5.4m ($US3.4m), which includes a $US900,000 earn-out component.  The deal is for 70% cash and 30% shares. The acquisition will be

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IkeGPS raises $6.4m to buy US engineering firm
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