Programmed has sold its Damstra software business for $6.8 million.
Programmed sells software business
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Friday, 1 April, 2016 - 11:26
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Programmed Maintenance Services has sold another non-core business that it took control of through the Skilled Group acquisition last year.
Programmed has sold the Damstra workforce software business to an undisclosed party for $6.8 million.
It’s the second business Programmed has sold after buying Skilled in October, with the company in January selling Broadsword Marine Contractors to Geraldton company Bhagwan Marine for $25 million.
“Whilst Damstra is non-core to Programmed’s business, we will continue to have a positive ongoing relationship with Damstra,” Programmed managing director Christopher Sutherland said.
Programmed shares were 4.6 per cent lower to $1.41 each at 11:30am.
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