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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
Company posted net profit after tax of $10.116 billion, an 8% increase from the prior year SYDNEY: Commonwealth Bank of Australia (CBA) announced strong financial results for the full year ended June 30, 2025, with an 8% increase in profit after tax. The bank also declared a final dividend of $2.60 per share, fully franked,…