SYDNEY: Australian miner Horizon Minerals Ltd said on Friday it has agreed to sell its non-core Lake Johnston nickel project to Forrestania Resources Ltd for A$35 million ($23.2 million), as it focuses on developing its flagship gold asset. The divestment, outlined in a binding Heads of Agreement, will see Horizon receive A$30 million in cash…
Tag: ASX
SHAPE Australia acquires Arden Group in $25 million deal
SYDNEY — SHAPE Australia Corporation Limited (ASX: SHA) announced Wednesday it has entered into a binding agreement to acquire the business and assets of Arden Group, a national retail fitout and facilities maintenance specialist, for an upfront payment of $25 million. The acquisition, expected to complete by Dec. 31, 2025, includes two additional contingent earn-out payments…
Australia’s Megaport to acquire compute firm Latitude.sh
BRISBANE – Australian cloud networking firm Megaport Limited (MP1.AX) said on Monday it has agreed to acquire compute provider Latitude.sh, a move aimed at creating a combined platform to tap into growing demand for artificial intelligence (AI) and hybrid cloud services. The acquisition, which is expected to close by Dec. 31, 2025, will merge Megaport’s…
Cluey to acquire Education Futures Group for up to $6.5 million
SYDNEY: Cluey Ltd (ASX: CLU), Australia’s largest online tutoring platform, has announced a binding agreement to acquire Education Futures Group Pty Ltd (EFG), the parent company of the Art of Smart group, in a deal valued at up to $6.5 million. The acquisition is part of Cluey’s strategic push into hybrid education, combining its digital…
Scout Security to acquire Roo Inc. in merger of equals
SYDNEY: Scout Security Ltd. (ASX: SCT), a white-label security-as-a-service platform, announced Wednesday it has entered into a binding agreement to acquire New York-based DIY home security innovator Roo Inc. in a merger of equals. The deal, valued at approximately A$7.11 million, will combine Scout’s technology with Roo’s product suite, intellectual property, and distribution partnerships. The…
Verbrec to acquire Alliance Automation from Telstra for $5.5 million
Verbrec to acquire Alliance Automation for $5.5 million, divests Competency Training business SYDNEY: Australian engineering services firm Verbrec Limited (VBC.AX) said on Wednesday it has agreed to acquire automation and control company Alliance Automation from Telstra Group Limited (TLS.AX) for an upfront cash consideration of A$5.5 million ($3.6 million). The acquisition, outlined in a share purchase…
Australia’s Mount Ridley Mines appoints Allister Caird as CEO
PERTH – Australian exploration company Mount Ridley Mines Ltd said on Thursday it has appointed Allister Caird as its chief executive officer, effective immediately, to lead the development of its rare earth and critical minerals projects. Caird, a geologist with over 15 years of experience, joins from Locksley Resources Ltd, where he was head of critical…
Tinybeans to acquire U.S.-based Qeepsake in all-stock deal to boost subscribers, revenue
SYDNEY – Australian family tech platform Tinybeans Group Ltd said on Monday it has agreed to acquire the assets of U.S. digital journaling app Qeepsake Inc. in an all-scrip deal valued at $2.7 million, a move set to significantly expand its paid subscriber base and accelerate its path to profitability. The acquisition will add about 49,000…
Pepper Money, KKR consortium to buy Westpac’s RAMS home loan portfolio
SYDNEY – Australian non-bank lender Pepper Money Limited PPM.AX said on Monday it has entered a consortium with global investment firm KKR KKR.N to acquire the RAMS home loan portfolio from Westpac Banking Corp. The portfolio comprises A$21.4 billion ($13.9 billion) in residential mortgages as at September 30, 2025. Under the binding agreement, Pepper Money will…
IVE Group secures Domino’s deal and acquires Impressu Print Group and Budget Mail Services
SYDNEY – Australian marketing firm IVE Group Ltd (IGL.AX) said on Monday it has entered a long-term marketing services agreement with Domino’s Pizza Enterprises (DMP.AX) and acquired two businesses, Impressu Print Group and Budget Mail Services, as part of a strategic expansion. The deal with Domino’s is a 6+2 year supply agreement, under which IVE will…
Australian miner Ragusa to take controlling stake in U.S. manganese-gold project
PERTH – Australian exploration company Ragusa Minerals Ltd (RAS.AX) said on Wednesday it has executed a binding deal to acquire a controlling interest in U.S.-listed Pegasus Tel Inc (PTEL) and its Purple Pansy manganese-gold project in Arizona, tapping into Washington’s push to boost domestic supply of critical minerals. Ragusa will pay $195,303 for a 60.09%…
EQT makes $45 per share takeover offer for Australia’s AUB Group
SYDNEY – Australian insurance intermediary AUB Group Ltd said on Wednesday it has received an unsolicited, non-binding proposal from private equity firm EQT to acquire the entire company for A$45.00 per share in cash. The indicative offer from EQT’s affiliated entity, Arbutus Pte. Ltd, values the ASX-200 listed company at a significant premium and follows…