# Tecala to acquire rapidMATION for $10m

Armitage Associates-backed IT services group Tecala will pay about $10 million to purchase automation consulting services company rapidMATION.

- Type: Acquisition
- Announced: 2023-09-26
- Where: Australia
- Value: $10.0M
- Status: announced
- Products: automation consulting services
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Tecala](https://endata.com/companies/72857.md) (acquirer)
- [rapidMATION](https://endata.com/companies/72858.md) (target)
- [Armitage Associates](https://endata.com/companies/72859.md) (investor)

## Sources

- [afr.com](https://www.afr.com/street-talk/schwartz-backed-armitage-associates-finds-merger-partner-for-tecala-20230926-p5e7m2), 2023-09-26: "Armitage Associates-backed IT services group Tecala will pay about $10 million to purchase automation consulting services company rapidMATION."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.