Analytical science and devices company Trajan has bought German software business Axel Semrau for €17 million ($26.5 million), marking its ninth acquisition and doubling down on its plans to expand its automated workflows across Europe.
Shares in Trajan jumped 8 per cent on the news on Friday, bringing the Melbourne-based company’s market capitalisation to $454.7 million, a 48 per cent climb since listing in June.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
