Acquisition of outstanding shares in Advara

March 2019

In March 2019, Adecco Holdings Pty Ltd (subsidiary of Swiss-based company, The Adecco Group, a global leader in HR services) acquired all of the outstanding shares for Advara Pty Ltd from a WA State Government-owned, Landgate. At the same time the parties negotiated a long term commercial arrangement between the Landgate and Advara.

The completion of the transaction and contractual restructure was completed in order to support the proposed partial commercialisation of Landgate, through procuring a service provider for Landgate’s automated land titling services.