SYDNEY, AUSTRALIA: Ventia has been notified by the Foreign Investment Review Board (FIRB) that the Australian Government has no objection to Ventia’s proposed acquisition of Broadspectrum. Under the terms of the agreement with Ferrovial, completion of the acquisition is expected to occur on 30 June 2020. Ventia’s Chairman, Mr. David Moffatt, said: “We look forward…
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).
PKS Holdings completes Pavilion Health acquisition
PERTH: PKS Holdings Limited has today completed the acquisition of Pavilion Health, an Australian healthcare technology solutions and services provider. PKS’s Chief Executive Officer Ron van der Pluijm, said: “We are pleased to bring Pavilion on as part of the team and we are looking forward to working together. A combined team of PKS and…
BauMart Holdings selling its glass processing assets to Ventus Aqua
PERTH: BauMart Holdings Limited has entered into a conditional agreement with Ventus Aqua Pty Ltd to sell its Lisec glass processing equipment currently leased to Sydney Sunny Glass Pty Ltd, a glass products supplier based in Smithfield, New South Wales. Ventus Aqua proposes to undertake an initial public offering (IPO) of its shares and apply…
Mithril Resources appoints John Skeet as new CEO
SYDENY: Mithril Resources Limited announced the appointment of a new Chief Executive Officer (CEO) and Chief Geologist to drive the exploration of the high-grade Copalquin Gold Silver Project in Durango, Mexico. The appointment of the founders of Sun Minerals Pty Ltd very experienced project exploration and development team, John Skeet (CEO) and Hall Stewart (Chief…
Mobilicom selected to join AI 5G consortium
MELBOURNE: Mobilicom Limited has been selected to join the WIN (Wireless Intelligent Networks) Consortium to execute a project during calendar year 2020 valued at more than $4 million. The WIN Consortium is funded by the Israel Innovation Authority and is expected to be extended through 2021 and beyond. Mobilicom’s share in the project is valued…
Kiwi insurer Tower gives back $7.2m to customers
SYDNEY: Kiwi insurer, Tower, has confirmed that it will be refunding customers $7.2m, due to the lower cost of car claims during the COVID-19 lockdown period. Tower CEO, Richard Harding, said that every customer would be refunded part of the car insurance premiums they paid during the level three and four lockdowns. “We’re a Kiwi…
Regional express increases flights in response to QantasLink increases
PERTH: Regional Express (Rex) has announced that it will increase its flying schedule in response to QantasLink’s actions to more than double its flights to ports that are in competition with Rex. From 6 July 2020, Rex will be providing daily weekday return services to these competitive routes and will also provide twice-daily return services…
Sienna appoints Triolab exclusive distributor in Sweden
MELBOURNE: Sienna Cancer Diagnostics announced the appointment of Triolab AB as its exclusive distributor in Sweden. The distribution agreement grants Triolab AB the right to sell Sienna’s hTERT product to Swedish pathology laboratories where it can be used as an adjunct in urine cytology assisting pathologists in their diagnosis of bladder cancer, of which there…
Waterco enters into agreement to purchase the business of Automated Pool Products
PERTH: Waterco Limited has on 2 June 2020 entered into an agreement to purchase the business of Automated Pool Products Pty Ltd (APP). The Company has entered into the agreement to purchase the business of APP as part of its strategy to increase its market share (especially in Western Australia and Queensland). The purchase price…
Nvoi Limited completes acquisition of global HR tech business JXT
SYDNEY: Nvoi Limited confirmed that it has completed its acquisition of the JXT business and associated key assets. Group CEO JXT Raife Watson said, “We have already commenced driving our strategy forward, having engaged with a large proportion of the JXT customer base since the acquisition was announced. We are looking forward to providing them…
Zip acquires of US buy now pay later player, QuadPay
PERTH: Zip Co Limited accelerates its global expansion with the acquisition of US Buy Now Pay Later player, QuadPay. Zip also announced capital raise. “From the start, we’ve been on a mission to bring fairer, faster, more flexible ways to pay to as many people as possible,” a statement said. “Joining forces with QuadPay extends…
Oilex Limited to sell Cooper Eromanga Basin assets to Armour Energy
PERTH: Oilex Limited has signed a conditional binding Heads of Agreement (HOA) with Armour Energy Limited for the proposed sale of all of its interests in the Cooper-Eromanga Basin to Armour. Subject to the terms of the HOA, it is intended that Armour will acquire 100% of the issued capital of CoEra Limited (CoEra), a…