SYDNEY: Southern Cross Electrical Engineering Limited (SCEE) has executed a Share Purchase Agreement to acquire 100% of Trivantage Holdings Pty Ltd from the current shareholders for an enterprise value of up to $53.5 million on a debt free basis. Completion is expected to occur in mid-December 2020. With over 50 years of operational experience, Trivantage…
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).
Andrea Sutton appointed on the board of Red 5 Limited
SYDNEY: Board of Red 5 Limited confirmed that Andrea Sutton has been appointed as an independent non-executive director of the Company. Ms Sutton has over 25 years’ experience with Rio Tinto and ERA. Between 2013 and 2017, Ms Sutton was Chief Executive and Managing Director of Energy Resources of Australia, then a Non-Executive Director from…
Chorus Limited announces NZ$200 million fixed rate retail bond offer
WELLINGTON: Chorus Limited, a provider of telecommunications infrastructure throughout New Zealand, announced that it is offering up to NZ$200 million of unsecured, unsubordinated, fixed rate bonds to New Zealand retail and institutional investors and certain overseas institutional investors. The offer will be across two Series of Bonds. The two Series of Bonds are seven year…
Waipipi windfarm in South Taranaki commences electricity generation
AUCKLAND, NZ: The Waipipi windfarm in South Taranaki has started generating 100% renewable, zero-emissions electricity to the national grid, strategic partners Tilt Renewables and Genesis Energy announced. The milestone energisation of the first turbines is largely to schedule despite the Covid-19 related shutdown of the site earlier in the year, a credit to contractors and…
Resimac steps up to deliver a superior digital customer experience
SYDNEY: Resimac Group Ltd announced it was working with key technology and service providers to migrate its core platforms to the cloud and deliver a superior digital customer experience. The technology suppliers were selected following a detailed feasibility analysis and commercial RFP process, and include Infosys, Loanworks, and Equifax. Mr Scott McWilliam, Resimac Chief Executive…
Weebit Nano appoints Ilan Sever to drive R&D
SYDNEY: Weebit Nano Ltd has appointed non-volatile memory design expert Mr Ilan Sever as Vice President Research & Development to drive the Company’s progress within the embedded, standalone and neuromorphic markets, a news release said. Mr Sever will commence in the role on 24November 2020. Mr Sever brings more than 25 years’ in Very Large-Scale…
Future First Technologies announces strategic team appointments
SYDNEY: Future First Technologies Ltd (FFT) announced two strategic appointments to add further depth and experience to the executive and sales & distribution teams. The appointments include Robyn Murphy as Chief Information Officer (CIO) and Chris Wignall as Head of Sales & Distribution. Robyn is a senior ICT leader with significant experience in Government, Transport,…
Sean Hallahan appointed CEO of Costa Group Holdings
SYDNEY: Costa Group Holdings Limited has announced the appointment of Mr Sean Hallahan as the company’s Chief Executive Officer with effect from 31 March 2021. Mr Hallahan will also be appointed as managing director of the company from 31 March 2021. Announcing the appointment Costa Chairman, Neil Chatfield said, “Sean’s appointment is the culmination of…
Sparc Technologies completes acquisition of Graphene Technology Solutions
SYDNEY: Sparc Technologies Limited announced the completion of the acquisition of Graphene Technology Solutions Limited (GTS) following shareholder approval at the general meeting held on 26 October 2020. In conjunction with the acquisition of GTS, the Company is also pleased to announce the completion of a $4m initial public offering, with funds used for ongoing…
Carnegie and Oceantera to explore potential energy projects in South East Asia
SYDNEY: Carnegie Clean Energy Limited has executed a Memorandum of Understanding (MOU) with Oceantera, to explore potential opportunities and identify the best targets for the development of regional wave energy projects. Oceantera is a project development company whose mission is to deliver clean, affordable and reliable energy to remote and island communities in South East…
Australian Family Lawyers expands to Melbourne’s North
MELBOURNE: The Board of AF Legal Group Ltd announced its expansion with the opening of a new office in Preston, Melbourne. The North Metropolitan of Melbourne is a significant growth corridor which is expected to underpin Melbourne’s population growth evidenced by the consensus that Melbourne will surpass Sydney in population within the next five years….
Tesserent forms JV with New Zealand’s Optic Security; acquires iQ3
SYDNEY: Tesserent Limited (TNT) announced the launch of a Joint Venture Company jointly owned (50%/50%) with New Zealand-headquartered security firm, Optic Security Group, as well as the completion of the acquisition of Secure Cloud Services provider, iQ3. The newly incorporated joint venture, Tesserent OpticSecurity Pty. Ltd. requiring no initial upfront investment, represents the first step…