The boutique platform and administration firm will acquire 50 per cent of Super Managers Australia (SMA), as well as a 20 per cent stake in its parent company Super Managers Holding Company.
In a statement to the ASX, OneVue will enter into a deed to discharge a $1.5 million loan to Super Managers Australia in exchange for shares.
"The SMA acquisition includes its subsidiary Super Managers Funds Administration Pty Ltd, a retail superannuation administrator," said OneVue.
OneVue chief executive Connie Mckeage said the acquisition would help the company further scale its middle to back office administration capability.
"The purchase will complement OneVue’s existing investment administration business," Ms Mckeage said.
"As much as this transaction is intended to create opportunities for new clients, it’s also about strengthening services and increasing capabilities offered to existing clients," she said.
