Domain acquires Insight Data Solutions for up to $159 million

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fairly difficult
To expand its marketplace strategy.
Domain has acquired Insights Data Solutions (IDS) for up to $159 million to advance its marketplace strategy.

The real estate portal operator purchased IDS, an Australian property valuation solution business, to extend its reach beyond agents and consumers into the finance and government sectors.

IDS specialises in government and corporate real estate.

Domain plans to make use of the company's specialist capabilities in land and property valuation, insights and analytics services.

The deal is expected to be finalised in mid-October later this year for a $60 million cash payment with additional contingent payments after this date through to June 2027.

Provided IDS achieves predicted…
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