SYDNEY: WT Financial Group Ltd. has entered into a binding agreement to acquire a 70% interest in TNT Advisor Solutions, an Australian provider of onshore paraplanning services, the company announced Tuesday. The deal values TNT at 3.48 million Australian dollars, with WT Financial paying 2.43 million for its majority stake, based on 4.5 times normalized EBITDA. The acquisition will…
SYDNEY: Australian semiconductor company 4DS Memory Ltd. announced Monday it has entered into a binding agreement to acquire Jenesys Pty Ltd, a software firm specializing in autonomous systems coordination, as part of a strategic shift toward integrated hardware-software platforms for artificial intelligence applications. The transaction, expected to complete in October 2026, combines 4DS’s proprietary PCMO-based…
WELLINGTON: One New Zealand on Thursday announced a proposal to combine its radio access network infrastructure with that of 2degrees in a jointly owned wholesale business, a move the companies say would improve efficiency while preserving competition. The proposed entity, operating under the holding name RANCo, would own, manage and operate the shared RAN infrastructure and provide network services back…
SYDNEY: Genetic Signatures Limited and Microba Life Sciences Limited are in preliminary discussions about a potential merger that would create a leading infectious disease diagnostics group, the companies announced Wednesday. The proposed combination would unite Genetic Signatures’ regulatory-approved infectious disease panels with Microba’s microbiome profiling technology, offering a full spectrum of diagnostic testing from rapid…
SYDNEY: Centrepoint Alliance Ltd. (ASX: CAF) announced Wednesday it has entered into binding agreements to acquire a 51% controlling interest in SEQ Advice Group Pty Ltd., a Queensland-based financial advisory business, in a move that expands the company’s direct participation in recurring advice earnings. The acquisition, expected to complete Sept. 1, 2026, values SEQ at…
SYDNEY: Ingenia Communities Group announced Wednesday a proposed acquisition of Peet Limited, a deal valued at approximately $1 billion that would create one of Australia’s largest residential development platforms. The transaction, structured as a scheme of arrangement, offers Peet shareholders $0.68 cash and 0.3367 Ingenia stapled securities per share. Based on Ingenia’s 10-day volume-weighted average…
CHICAGO: James Hardie Industries plc, a building materials provider, announced it will sell its European sustainable walling and flooring business, Fermacell, to Swiss rival Holcim for €840 million (approximately $980 million) in cash as part of a strategic retreat from the region. The Chicago-based company said the divestiture will allow it to focus on its highest-growth and return…
PERTH: Perenti Ltd. has agreed to sell its equipment rental and parts business, BTP, to Beetle Industries Pty Ltd. for $100 million, the mining services company announced Friday. The transaction, structured as a share sale, includes an $80 million cash payment at closing and a deferred $20 million payment due 12 months later. The deferred amount carries no performance…
MELBOURNE: EQT Holdings Ltd., the parent company of Equity Trustees, said Friday it has received an unsolicited takeover proposal from BGH Capital Pty Ltd. valued at 24.75 Australian dollars per share in cash. The indicative, non-binding proposal would acquire 100% of EQT’s outstanding shares through a scheme of arrangement, subject to deductions for any dividends declared or paid,…
PERTH: Noble Helium Limited announced Friday it has entered into a binding agreement to acquire Earth Source Hydrogen Limited, a move that significantly expands the company’s exploration portfolio into Western Australia’s Southern Carnarvon Basin. The all-share transaction will give Noble Helium access to two large onshore Special Prospecting Authorities, or SPAs, covering approximately 40,000 square…
SYDNEY: ClearView Wealth Limited announced Thursday that its acquisition by Zurich Financial Services Australia Limited has been implemented, finalizing the scheme of arrangement approved by shareholders and the New South Wales Supreme Court last month. Zurich is now the registered holder of all ClearView shares on issue, according to a company statement. Trading in ClearView…
SYDNEY: Energy One Limited has agreed to acquire Gas Management Services Limited (GMSL) from Belgian energy infrastructure group Fluxys for an enterprise value of A$99.8 million, the companies announced Wednesday. The all-scrip transaction will see Energy One issue 7,089,780 shares to Fluxys, which will own 18.26% of the combined company. The acquisition is expected to close by…