The online retail and auction group has announced it has reached an agreement to acquire the business of DMS Davlan, with the deal expected to be completed by the end of June.
Under the deal, Grays will take over DMS Davlan’s national network encompassing key regional and remote area with 15 branches throughout Australia, seven of which are regionally based.
Around 25 DMS Davlan employees will move cross to GraysOnline with completion of the acquisition. The staff are located around Australia with the main concentration being in Wagga Wagga, Brisbane and Sydney, while others are located in Cairns, Townsville, Moree, Adelaide, Mildura, Shepparton and Northam (WA).
The acquisition follows on from Gray’s recent acquisition of Bryan Andrews Auctioneers in Christchurch, New Zealand, the relocation of the company’s Victorian business into a larger, brand new facility and expansion of its main facilities in New South Wales, Queensland and South Australia.