SYDNEY, AUSTRALIA: Australian Radio Network Pty Ltd (ARN), a wholly owned subsidiary of HT&E Limited, has entered into an agreement to acquire Grant Broadcasters for consideration of $307.5 million on a cash and debt free basis. This includes the acquisition of the radio and digital operations owned by Grant Broadcasters Pty Ltd, including 43 legal…
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).
Michael Gundy appointed interim CEO & MD of Bisalloy Steel
SYDNEY, AUSTRALIA: Bisalloy Steel Group Limited announced that Mr Michael Gundy (currently Non-Executive Director) will take on the role of Interim CEO & MD when the current CEO & MD Mr Glenn Cooper leaves the organization at the end of December. Mr Gundy has a long career in the steel industry including the leadership of…
Xero Limited to acquire LOCATE Inventory for $19 million
WELLINGTON, NEW ZEALAND: Xero Limited is acquiring LOCATE Inventory or LOCATE (the trading name of New Tack Inc), a US cloud-based inventory management provider, to better support the inventory needs of small business and enhance its ecommerce capability. The acquisition will embed LOCATE’s inventory and ecommerce talent and capability within Xero to enhance Xero’s inventory…
Dan Rennie appointed CEO of LEILAC Group
SYDNEY, AUSTRALIA: Calix Limited announced the appointment of seasoned Calix executive Dan Rennie as CEO of the “LEILAC Group” – Calix’s CO2 mitigation business. Calix CEO Phil Hodgson said “After an extensive global search program via an executive search firm, and following-on from the investment by Carbon Direct of €15m into our CO2 business to…
ReNu Energy to acquire Countrywide Renewable Hydrogen for $8mn
SYDNEY, AUSTRALIA: ReNu Energy Limited has entered into a Share Purchase Agreement to acquire 100% of the issued capital of Australian green hydrogen business, Countrywide Renewable Hydrogen Limited (CRH). ReNu Energy will acquire CRH through the issue of 134,659,520 fully paid ordinary shares at $0.0688 per share. Pricing represents ReNu Energy’s 10-day volume weighted average…
Nitro Software to acquire Connective NV for €70 million
SYDNEY, AUSTRALIA: Nitro Software Limited has entered into a binding agreement to acquire Connective NV for an enterprise value of €70 million, cementing Nitro’s position as a global eSign and document productivity SaaS platform. Connective NV is Belgium’s leading eSign SaaS business, with fast-growing market share in France and customers in 11 other European countries….
Alf Ianniello appointed MD and CEO of Codan Limited
SYDNEY, AUSTRALIA: Chairman of Codan Limited, David Simmons, announced that Alf Ianniello has been appointed Managing Director and Chief Executive Officer of Codan. Alf Ianniello will assume the role on 4 January 2022, replacing Donald McGurk, who will retire from this role at that time. Prior to this appointment, Alf Ianniello was Chief Executive Officer…
Kelly+Partners buys Penrith based accounting firm for $4.5mn
SYDNEY, AUSTRALIA: Kelly Partners Group Holdings Limited (KPG) has exchanged agreements to tuck-in an accounting firm located in Penrith,NSW for upto $4.5 million. Moreover, two existing partners of the acquired business will acquire a 20%equity interest in the combined business. Founder and CEO of Kelly+Partners, Brett Kelly said, “The acquisition confirms the attractiveness of the…
Simon McGrath appointed CEO of Crown Sydney
MELBOURNE, AUSTRALIA: Crown Resorts Limited announced today the appointment of Simon McGrath AM as Chief Executive Officer (CEO) of Crown Sydney and Group Head of Hospitality. Mr McGrath is expected to commence employment with Crown Sydney on 1 February 2022 and will report to Mr Steve McCann, the Crown Chief Executive Officer and Managing Director….
Vicinity Centres sells 50% stake in Runaway Bay Center
SYDNEY, AUSTRALIA: Vicinity Centres has exchanged contracts to sell its 50% interest inRunaway Bay Centre in Queensland for $132 million, an 18% premium to 30 June 2021 book value. Buyer is Perth-based Greenpool Capital in partnership with Qualitas. The Runaway Bay sale is expected to settle by 30 June 2022. Vicinity also announced that its…
nib holdings to acquire Kiwi Insurance for $43mn
SYDNEY, AUSTRALIA: nib holdings limited announced its New Zealand subsidiary, nib nz holdings ltd (nib NZ) has agreed to purchase 100% of the shares in Kiwi Insurance Limited (a wholly owned subsidiary of Kiwi Group Holdings Limited), for a total consideration of approximately $43 million (NZ$45 million). The acquisition is subject to receipt of regulatory…
COSOL Limited agrees to acquire Clarita Solutions
BRISBANE, AUSTRALIA: COSOL Limited has executed a Share Purchase Agreement (SPA) to acquire Clarita Solutions Pty Ltd. Upfront consideration for the acquisition consists of $7 million in cash and 7.95 million COSOL shares, with up to a further $3.75 million payable in either cash or an issue of shares by way of earn-out consideration based…