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Xero makes its largest acquisition ever

Yolanda Redrup

Cloud accounting software giant Xero may have just made its largest acquisition ever, but it has plenty left in the tank to do more deals, according to chief executive Steve Vamos.

On Thursday, the company revealed that it was acquiring European workforce management platform Planday for an upfront cost of €155.7 million ($241.6 million).

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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    Original URL: https://www.afr.com/technology/xero-makes-largest-acquisition-ever-buying-planday-20210304-p577nw