SYDNEY, AUSTRALIA: Sequoia Financial Group has acquired the incorporated legal practice business previously known as Topdocs Legal Pty Ltd (TDL) now renamed Docscentre Legal Pty Ltd (DCL). The $330K purchase price will be funded from existing cash reserves TDL has been a national provider of specialised legal services, focusing on advice solutions for SMSFs, business…
Category: Australian Exchange
Finance, Insurance, Banking, Forex, Equity Markets, Australian Exchange (ASX)
Incitec Pivot Limited to acquire Titanobel Group for €91mn
SYDNEY, AUSTRALIA: Incitec Pivot Limited (IPL) has entered into an agreement to acquire 100% of the shares in Explinvest, the holding company of the Titanobel Group for a purchase price of €91 million. The transaction is expected to complete by June 2022. Titanobel is a leading industrial explosives manufacturer and drilling, blasting and technical services…
Woolworths withdraws non-binding proposal to acquire API
SYDNEY, AUSTRALIA: Australian Pharmaceutical Industries (API) noted that Woolworths Group Limited has withdrawn its non-binding indicative proposal to acquire 100% of the shares in API announced on 2 December 2021. As announced to the market on 8 November 2021, the Scheme Implementation Deed (“SID”) with Wesfarmers Limited remains in place and is on track for…
James Hardie appoints Harold Wiens as interim CEO
SYDNEY, AUSTRALIA: James Hardie Industries, the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, announced the appointment of Harold Wiens as Interim Chief Executive Officer. In calendar 2017 the James Hardie Board of Directors, along with senior management, identified the need f or a strategic transformation to ensure the…
Danny Maher appointed CEO of FirstWave Cloud
SYDNEY, AUSTRALIA: FirstWave Cloud Technology Limited announced the appointment of Danny Maher as Chief Executive Officer (CEO). Danny Maher will join the company on 10 January 2022 and assume the role immediately taking over from the Executive Chairman and interim CEO, Mr John Grant, who will continue as Chairman in a non-executive capacity. Dany Maher…
Seeing Machines and Ambarella Inc. collaborate
CANBERRA, AUSTRALIA: Seeing Machines Limited announced a collaboration with Ambarella Inc., an AI vision silicon company, to bring integrated Advanced Driver Assistance System (ADAS) and occupant and driver monitoring system (OMS and DMS) solutions to the market. This unique technology combination will bring Seeing Machines’ industry leading OMS and DMS technology solutions to Ambarella’s CV2x…
Latitude Group to acquire Humm’s consumer business for $335mn
SYDNEY, AUSTRALIA: Latitude Group Holdings intends to acquire Humm’s consumer business (comprising BNPL, Instalments and Cards) for approximately $335 million comprising 150 million Latitude shares and $35 million cash. Latitude and Humm Group Limited have signed a non-binding heads of agreement in respect of the transaction, which includes an exclusivity undertaking until 31 January 2022….
Peet Limited sells Queensland broadacre site for $80 million
SYDNEY, AUSTRALIA: Peet Limited announced the sale of approximately 250 hectares of broadacre land in New Beith, Queensland for circa $80 million. The sale is unconditional, with settlement scheduled to occur in the first half of FY23. Peet Limited Managing Director and Chief Executive Officer, Brendan Gore, said the sale highlighted the company’s ongoing focus…
Matt McCrann appointed CEO of DroneShield LLC
SYDNEY, AUSTRALIA: DroneShield Limited, a global leader in Counter-UAS and Artificial Intelligence based security technology, announced the appointment of Matt McCrann as Chief Executive Officer of its wholly owned U.S. subsidiary DroneShield LLC. Matt McCrann joined DroneShield LLC in 2019 as Vice President of Sales and will lead the growth and expansion of the company’s…
Leighton Asia to construct data centre campus in Jakarta
SYDNEY, AUSTRALIA: Leighton Asia has been selected to construct a data centre campus in Jakarta, Indonesia, for a multinational technology corporation. The contract will generate revenue of approximately A$103 million for Leighton Asia, CIMIV Group company. CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: “Leighton Asia has a strong track record of…