SYDNEY – Aussie Broadband Ltd (ASX: ABB) said on Monday it will acquire Nexgen Investment Group Pty Ltd for $44.1 million in cash, strengthening its small and medium enterprise (SME) offering with advanced business communication solutions.
The deal, which includes an earn-out of up to $5.9 million tied to Nexgen’s FY26–FY27 EBITDA targets, is expected to be earnings per share accretive. Nexgen, a provider of unified communications and office technology solutions, is forecast to deliver FY26 EBITDA of $8.1 million, with $2.7 million expected to flow through to Aussie Broadband. Annual cost synergies of $2 million to $4 million are anticipated within two years.
The acquisition adds about 6,000 SME NBN customers with average contract lengths of four to five years and introduces an Agentic AI product set aimed at small businesses. Aussie Broadband said the deal values Nexgen at 6.2 times FY26 EBITDA, or 4.1 times with full synergy realization.
Founded in 2009, Nexgen partners with Cisco and generated $7.7 million in EBITDA in FY25, up nearly 17% from the prior year. Nexgen will continue to operate as a standalone entity, with co-founders Elie Ayoub and James Harb remaining to deliver FY27 performance targets.
“The acquisition of Nexgen is a great strategic fit and highly complementary to Aussie Broadband’s current suite of products and services,” Chief Executive Brian Maher said. “We are excited about the opportunities for both Aussie Broadband and Nexgen as we focus on sustainable sales growth and margin enhancement.”
Completion is expected by the end of March 2026, subject to customary approvals. The transaction will be funded through cash on hand and undrawn debt facilities.