JANDAKOT: Tasmea Limited (ASX: TEA) announced Monday it has agreed to acquire Vertex Group, a specialist in high-voltage and portable power services, in a deal worth up to A$11.75 million ($7.8 million). The acquisition aims to strengthen Tasmea’s capabilities in the electrification industry. The purchase includes Vertex Power & Process Pty Ltd and VTX Group…
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).
Babylon to acquire Blue Hire
HIGH WYCOMBE: Babylon Pump & Power Limited (ASX: BPP) announced Monday it has entered into a binding agreement to acquire 100% of Blue Hire, a Western Australia-based specialist in pump hire and hydrotesting solutions, as part of its strategy to expand its rental and technical water services platform. The acquisition, valued at an upfront EBITDA…
Wolters Kluwer Health acquires IntelliLearn to expand nursing education solutions
ADELAIDE: Wolters Kluwer Health has announced the acquisition of IntelliLearn Pty Ltd., an Australian-based provider of online healthcare training solutions for nursing schools in Australia and the U.S. The move strengthens Wolters Kluwer’s position in nursing education, integrating IntelliLearn’s offerings into its Health, Learning, Research & Practice (HLRP) division. According to a statement, IntelliLearn, founded in 2010…
Xamble Group acquires strategic stake in Malaysia’s loyalty platform B Infinite
SYDNEY: Xamble Group Limited (ASX:XGL), a prominent Southeast Asian influencer technology platform, has announced a strategic investment in B Infinite, one of Malaysia’s top lifestyle-based customer loyalty programs. The investment, made alongside a consortium led by 7-Eleven Malaysia, positions Xamble to further enhance its influencer marketing and social commerce ecosystem. The consortium, comprising Xamble, 7-Eleven…
Aurora Labs signs MoU with Mayman Aerospace to develop 3D-printed propulsion systems
CANBERRA: Aurora Labs Limited (ASX: A3D), an Australian industrial 3D printing company, announced Wednesday it has entered a Memorandum of Understanding (MoU) with U.S.-based Mayman Aerospace to explore collaborative opportunities in advanced propulsion systems for vertical take-off and landing (VTOL) aircraft. The two-year agreement focuses on developing 3D-printed micro gas turbines for integration into Mayman…
Assetora launches Australian Homeowner Equity Fund for wholesale investors
SYDNEY: Assetora Limited (ASX:AOH) announced the launch of the Australian Homeowner Equity Fund, a new investment vehicle aimed at helping Australians enter the property market while offering wholesale investors access to a diversified residential property portfolio. The fund, which follows a successful two-year pilot with AMP Bank, allows investors to contribute up to 20% of…
Atturra has acquired DalRae Solutions for $20 million
SYDNEY: Atturra Limited, a leading Australian technology services provider, announced plans to acquire DalRae Solutions, a premier SAP consultancy, in a deal worth up to $20 million. The acquisition aims to strengthen Atturra’s expertise in SAP’s Business Technology Platform (BTP), S/4HANA, and clean core methodologies. Under the terms of the agreement, Atturra will pay $4.8…
Teaminvest terminates acquisition of Enva due to unmet conditions
SYDNEY: Teaminvest Private Group Limited (ASX:TIP) announced Tuesday the termination of its agreement to acquire Enva Australia Pty Ltd and Enva Holdings Pty Limited, citing unresolved conditions for the deal. The company initially disclosed the conditional acquisition on March 6, 2023, but said ongoing delays in meeting prerequisites led to the decision. A deed of…
Elders Limited reports strong half-year earnings amid market recovery
ADELAIDE: Agribusiness giant Elders Ltd. (ASX:ELD) posted a robust financial performance for the first half of fiscal 2025, driven by a recovery in the livestock market and growth in its real estate segment, the company reported Monday. Managing Director and Chief Executive Officer Mark Allison, alongside Chief Financial Officer Paul Rossiter, presented the results in…
Genesis Minerals acquires Laverton Gold Project in $250 million deal
LAVERTON: Genesis Minerals Limited (ASX: GMD) has entered into a binding agreement to acquire the Laverton Gold Project from Focus Minerals Limited (ASX: FML) for $250 million in cash, the company announced Monday. The deal, set to close in early June, will bolster Genesis’ resource base with an estimated 4 million ounces of gold near…
WiseTech Global to acquire E2open in $2.1 billion deal to expand logistics software market
SYDNEY: WiseTech Global, a leading logistics software developer, announced Monday it has entered into a binding agreement to acquire U.S.-based e2open, a provider of cloud-based supply chain solutions, for $2.1 billion in a deal aimed at creating a global trade and logistics marketplace. The acquisition, expected to close in the first half of 2026 pending…
Viva Leisure acquires 33% stake in Gorilla X Labs
SYDNEY: Viva Leisure Limited, a leading Australian fitness company, announced Tuesday it has acquired a 33% stake in Gorilla X Labs, a prominent sports nutrition brand, as part of its strategic expansion into the supplements market. The partnership will integrate Gorilla X Labs’ products — including ready-to-drink beverages, protein powders and supplements — across Viva…