BRISBANE: AuKing Mining Ltd. (ASX: AKN) announced Thursday it has entered into a binding agreement to acquire 100% of Orion Resources Pty Ltd, granting full ownership of the Cloncurry Gold Project in north-west Queensland. The acquisition, valued at A$33 million, will be completed in two stages. AuKing will accelerate its initial 50% acquisition for A$5…
Tag: ASX
Verbrec to sell Competency Training unit to RelyOn for $11.5 million
SYDNEY: Engineering and asset management firm Verbrec Ltd. (ASX: VBC) said Tuesday it has agreed to sell its registered training organization, Competency Training Pty Ltd, to RelyOn Australia Pty Ltd for A$11.5 million in cash. The deal, subject to customary conditions including approval from the Foreign Investment Review Board, will see all staff, facilities and…
QuickFee sells US Pay Now business to Aiwyn for $26.35 million, retains finance arm
SYDNEY: QuickFee Ltd. (ASX: QFE) has sold its U.S. Pay Now business to Aiwyn Inc., a KKR- and Bessemer-backed technology firm, for US$26.35 million (A$40 million), marking a strategic pivot toward core lending operations. The deal, completed immediately, includes QuickFee’s ACH, card and Connect payment services, and values the unit at five times its FY25…
Metals One acquires strategic stake in Evolution Energy Minerals
LONDON: Metals One Plc (AIM: MET1), a critical and precious metals exploration company, said Friday it has acquired a 10.45% stake in Evolution Energy Minerals Ltd (ASX: EV1) and agreed to underwrite part of Evolution’s A$1.45 million Rights Issue. The investment provides Metals One exposure to Evolution’s Chilalo Graphite Project in Tanzania, a development-ready asset…
COG Financial Services has agreed to acquire EasiFleet for $40 million
SYDNEY: COG Financial Services Ltd. (ASX: COG) has agreed to acquire EasiFleet Pty Ltd, a salary packaging and novated leasing provider, for $40 million through its subsidiary Paywise Pty Ltd. The deal values EasiFleet at six times its FY25 EBITDA on a post-synergies basis. The acquisition strengthens COG’s national footprint, adding government contracts across Western…
NRW Holdings to acquire Fredon Industries in $200 million deal, expanding infrastructure reach
SYDNEY: Australian engineering and mining services firm NRW Holdings Ltd (ASX:NWH) said on Tuesday it will acquire Fredon Industries Pty Ltd for up to A$200 million, adding a fourth strategic pillar to its operations and expanding its footprint in electrical, mechanical, infrastructure and technology services. The acquisition, structured as a debt-free, cash-free transaction, will be…
archTIS acquires Spirion in $15.7 million deal to accelerate U.S. expansion
SYDNEY: Australian cybersecurity firm archTIS Ltd. (ASX:AR9) announced Wednesday it will acquire the technology, customer base, and employees of U.S.-based data security provider Spirion LLC in a $15.7 million AUD deal, marking a major step in its U.S. expansion strategy. The acquisition, priced at 0.9x Spirion’s FY25 annual recurring revenue (ARR), will boost archTIS’ pro-forma…
Vulcan Steel to acquire Roofing Industries in NZ$88 million deal
The company reported FY25 revenue of NZ$948 million, down 10.9% SYDNEY: Vulcan Steel Ltd (ASX/NZX: VSL) said on Tuesday it will acquire New Zealand-based Roofing Industries Ltd for NZ$88 million, marking its twelfth acquisition since 1995 and expanding its footprint into the steel roofing and cladding segment. The deal, which includes associated businesses Ribline Steel,…
Webjet Group accelerates business travel expansion with Locomote acquisition
MELBOURNE: Webjet Group Ltd. (ASX:WJL) announced Thursday it will acquire Melbourne-based business travel platform Locomote Holdings Pty Ltd for up to A$23 million, fast-tracking its corporate travel strategy and boosting long-term earnings. The deal includes A$17 million in upfront cash and a potential A$6 million earn-out tied to EBITDA targets. The acquisition enables Webjet to…
Symal Group acquires Locale Civil to expand utility infrastructure capabilities
MELBOURNE: Symal Group Ltd. (ASX: SYL) announced Thursday it has entered into a binding agreement to acquire 100% of Locale Civil Pty Ltd, a move aimed at strengthening its position in Australia’s utility civil infrastructure sector. The acquisition, valued at up to A$35 million, includes an upfront cash payment of A$29.3 million and a deferred…
Prospex Energy JV signs new gas sales agreement with Hera Trading for Italian production
LONDON: Prospex Energy plc (AIM: PXEN) said Thursday that its joint venture operating the Selva Malvezzi gas concession in northern Italy has signed a new 12-month gas sales agreement with Hera Trading S.r.l., a subsidiary of multi-utility giant Hera Group. The agreement, effective Oct. 1, 2025, will replace the current contract with BP Gas Marketing…
Autocycle acquires Entyr’s Stapylton assets for A$450,000 amid administration process
SYDNEY: Autocycle International Pty Ltd has acquired key operational assets of Entyr Limited’s Stapylton tyre recycling facility for A$450,000, administrators said on Friday, as the insolvent company continues its restructuring process. The transaction, completed by Alvarez & Marsal Australia, includes the sale of plant and equipment, assignment of the facility lease, and transfer of environmental…