
PEXA Group accelerates digital exit with .id divestment
Electronic conveyancing leader PEXA Group (ASX:PXA) has moved to further streamline its operations, announcing a binding agreement to sell its demographic consulting arm, Informed Decisions (.id), to an undisclosed private entity.
The divestment marks a significant milestone in PEXA’s strategy to exit its Digital Solutions business.
While the sale price remains under wraps, the transition is slated for completion by the end of FY26, following the company's recent $26 million net impairment on the segment.
Investors responded favourably to the sharpened focus on core operations, with PEXA shares rising 1.2% in early trade.
At the time of reporting, PEXA Group's share price was $15.32.
Frequently asked questions
More from Australia
Woolworths posts Q1 total group sales of $19.35B
betr Entertainment reports 19.1% Q1 turnover growth
Oneview Healthcare signs six new hospital deals
Woodside Energy sells Greater Sunrise stake for US$200M
NRFC commits up to $110M for Victorian rare earths project
Wide Open Agriculture extends China distribution deal to 2028