ADELAIDE, AUSTRALIA: SILK Laser Australia Limited has entered into a binding agreement to acquire 100% of Beauty Services Holdings Pty Ltd, LMD2 Pty Ltd and their broader group of entities for upfront cash consideration of $47.0 million and up to an additional $5.0 million earn-out. Beauty Services Holdings Pty Ltd, LMD2 Pty Ltd together operate…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
NAB agrees to settle US BBSW class action complaint
SYDNEY, AUSTRALIA: National Australia Bank Limited (NAB) today announced it had reached an agreement to settle a class action commenced in the United States in 2016. The class action in which NAB and multiple other financial institutions were named as defendants relates to the Bank Bill Swap Rate (BBSW) and the trading of BBSW-based products….
Spacetalk commences selling through Woolworths Mobile
SYDNEY, AUSTRALIA: Spacetalk Ltd. (ASX: SPA), developer of innovative technologies that keep families safe and connected, announced the commencement of sales of Spacetalk smartphone watches through Woolworths Mobile. Woolworths Mobile is a Mobile Virtual Network Operator (MVNO) and the flagship retail telecommunications offering of the Woolworths Group. As an MVNO, Woolworths Mobile uses parts of…
eCargo launches digital wholesale marketplace to connect Australian brands with Chinese retailers
SYDNEY, AUSTRALIA: eCargo Holdings Limited (ASX: ECG) has launched its’ JuJiaXuan Digital Wholesale Marketplace (JJX) to connect Australian brands with Chinese retailers with launch partner, Fonterra. Fonterra Australia have extended their relationship with eCargo to promote their suite of products under the Australian Dairies brand on JuJiaXuan Digital Wholesale Marketplace (JJX) under their existing distribution…
Bigtincan Holdings acquiring Swiss based Vidinoti SA
SYDNEY, AUSTRALIA: Bigtincan Holdings Limited (ASX: BTH) has acquired Vidinoti SA, a Swiss based leader in AR/VR technology for $0.77 million, a news release said. Vidinoti has developed a comprehensive suite of tools to create, deploy and manage augmented reality content including V-Director, V-Player and the Vidinoti SDK. Vidinoti holds patents in core areas of…
Roland Wessel appointed Chief Executive Officer of Oilex Ltd
SYDNEY, AUSTRALIA: Oilex Ltd announced the appointment of Roland Wessel as Chief Executive Officer and as a Director of the company, effective 16 June 2021. Roland’s appointment is a significant addition to the Oilex senior management team, and the Board of Directors believe he will play an instrumental role in leading the Company through a new and…
JDE Peet will acquire Campos Coffee
AMSTERDAM, NETHERLAND: JDE Peet’s and Campos announced today that JDE Peet’s will acquire Campos Coffee. Subject to limited pre-closing conditions, the transaction is expected to be completed during July 2021, a news release said. Campos Coffee is a specialty coffee leader in Australia, available in over 600 cafés and present in multiple channels including direct-to-consumer,…
Harvest Technology Group to acquire Silicon Valley-based SnapSupport for $2.59 million
SYDNEY, AUSTRALIA: Harvest Technology Group (ASX: HTG) has executed a formal Stock Purchase Agreement (SPA) for the acquisition of Silicon Valley-based software-as-a-service (SaaS) company, SnapSupport Inc for $2.59 million to be paid in HTG shares. The SPA follows the entry by Harvest and SnapSupport into a binding term sheet in respect of the acquisition, and…
WT Financial Group to acquire Sentry Group for $7 million
SYDNEY, AUSTRALIA: WT Financial Group Limited (WTL) has entered into a share purchase agreement (SPA) to acquire all of the issued capital of Sentry Group Pty Limited for an initial purchase price of $7 million. This will be provided to the Sentry selling shareholders as to 50% in cash and 50% in the form of…
Bremworth signs up to New Zealand Farm Assurance Programme
AUCKLAND, NEW ZEALAND: Kiwi carpet manufacturer, Bremworth, has signed up to the New Zealand Farm Assurance Programme (NZFAP), signalling its support for and adoption of a national wool standard. NZFAP provides assurance to consumers about the integrity, traceability, biosecurity, environmental sustainability, and animal health and welfare of New Zealand’s primary sector products. Bremworth joins 20…
CEO of Livestock Improvement Corporation to step down
AUCKLAND, NEW ZEALAND: Livestock Improvement Corporation (NZX: LIC) Chief Executive Wayne McNee has advised the Board of his intention to step down on 30 November after eight years in the role. Livestock Improvement Corporation (LIC) Chair Murray King said that through a significant business transformation Wayne McNee has contributed to sustained growth and development of…
Henri Tausch appointed CEO of American Pacific Borates Limited
SYDNEY, AUSTRALIA: American Pacific Borates Limited (ASX:ABR) has appointed Henri Tausch as the Company’s new Chief Executive Officer, commencing 9 August 2021, a news release said. It is the intention of the Board to appoint Henri as the Managing Director of the Company in the short term to coincide with a planned complementary listing in…