Hugh Humphrey

Count Limited (Count) has welcomed the news that the Federal Court of Australia has made orders approving the scheme of arrangement for its proposed acquisition of Diverger Limited (ASX: DVR) (Diverger).

Federal Court approval was the final step required for the acquisition to go ahead, after Diverger shareholders voted overwhelmingly in favour of the Scheme in January 2024.

Hugh Humphrey, CEO at Count, said last week’s Federal Court approval was terrific news that paved the way for Count to complete the transaction in the coming weeks.

“The completion of this milestone confirms our previously announced strategic growth ambitions through the acquisition of Diverger. This is a pinnacle moment in our 44-year history which will transform Count into a larger, more diversified business.”

Mr Humphrey added that the expanded business would be able to deliver added benefits to its national network of accountants, financial advisers and their clients.

“Our Members and their clients will have access to a range of new services offered by Diverger, along with the scale benefits that come from being one of Australia’s largest integrated accounting, wealth and services providers.”

The acquisition is set to complete on 1 March 2024.

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