(The Nzherald)
Xero is making its largest-ever acquisition.
The Wellington-based, ASX-listed company will acquire Planday, a maker of workforce management software, for an upfront payment of €155.7 million ($259m) and a possible earnout of up to €27.8m if revenue targets are hit – for a total potential consideration of €183.5 million. Net cash was $177m, supplemented by undrawn credit of $150m.
