Skip to main content

Count outlines rising cost savings from Diverger merger

Yasmine Masi6 May 2024
Hand holding puzzle piece with two small male figures on top shaking hands

Count Limited has increased its annualised expected cost savings by $1 million, as a result of its acquisition of wealth management business, Diverger Limited.

In a statement made to the Australian Securities Exchange (ASX) on Friday, Count Limited said it had upgraded its expected cost savings to $4 million from the initial $3 million announced at the time of the merger, to be achieved in the 2025 financial year.

Count Limited chief executive, Hugh Humphrey, said the update speaks to the “strategic value of the transaction”.

“Following this acquisition, Count cemented its position as one of Australia’s leading integrated accounting and wealth services providers with over 500 accountants and 550 financial advisers in our national community.

“The synergies we’ve identified so far will ensure we can continue to operate more efficiently, delivering better outcomes for our shareholders, firms and clients.

“Our people have moved quickly and worked hard to integrate the businesses and realise tangible benefits.

“I’m grateful for the hard work of the team to successfully complete the transaction, integrate the businesses smoothly and make doing business easier for all our
business partners.”

Subscribe to comments
Be notified of
Inline Feedbacks
View all comments