SHAPE Australia Corporation Limited (ASX:SHA) acquired KLMSA for AUD 10.7 million on March 31, 2022. The transaction will be funded through a 3 Year Amortizing Term Loan Facility. Existing KLMSA Directors, Susanne Rolland and Geoff Marshall have resigned as part of the transaction and will be replaced by Peter Marix-Evans and Scott Jamieson of SHAPE. Both Susanne and Geoff will remain in an advisory capacity to ensure a smooth transition. There are no other changes to the Board or Senior Management as a consequence of the transaction. SHAPE looks forward to welcoming all KLMSA's employees. The transaction is anticipated to be completed in the next 24 hours.

SHAPE Australia Corporation Limited (ASX:SHA) completed the acquisition of KLMSA for on March 31, 2022.