SYDNEY: Australian United Investment Company Ltd (AUI.AX) on Friday announced a proposed merger with Diversified United Investment Ltd (DUI.AX), creating a combined listed investment entity with an equity value of approximately A$2.53 billion ($1.7 billion). The all-share deal, structured as a scheme of arrangement, will see AUI acquire all DUI shares it does not already…
Tag: Australia
Australia’s Little Green Pharma to merge with Cannatrek in all-stock deal
SYDNEY: Australian medicinal cannabis company Little Green Pharma Ltd (ASX: LGP) has entered into a binding agreement to acquire 100% of rival Cannatrek Ltd via a scheme of arrangement, the companies announced on Wednesday. The all-scrip transaction will see Cannatrek shareholders receive 1.835806 new LGP shares and 0.727502 new contingent value (CV) shares for each…
Australia’s IPD Group to acquire Platinum Cables for up to $45 million
SYDNEY: Electrical solutions provider IPD Group Ltd said on Tuesday it agreed to acquire Platinum Cables Pty Ltd, a specialist supplier to Australia’s mining sector, in a deal worth up to A$45 million ($30.1 million). The initial consideration is A$37.5 million, comprising A$37.0 million in cash and A$0.5 million in new IPD shares. An additional…
Australia’s WRKR to acquire payroll compliance firm PaidRight in $11.4 million scrip deal
SYDNEY – Australian compliance technology firm WRKR Limited said on Monday it has agreed to acquire payroll compliance platform PaidRight Holdings Pty Ltd in an all-share deal valued at approximately A$11.4 million ($7.6 million), accelerating its expansion beyond superannuation services. The strategic acquisition, announced to the Australian Securities Exchange, will see WRKR issue 90,909,091 new shares…
Australian marketing firm IVE Group to acquire Daily Press Pty Ltd for up to A$35 million
SYDNEY – Australian marketing services company IVE Group Ltd (IGL.AX) said on Monday it will acquire creative agency Daily Press Pty Ltd for up to A$35 million ($23.3 million), as part of its strategy to expand its digital and content marketing capabilities. The deal, expected to complete on Dec. 31, will see IVE pay A$25…
Australia’s Credit Clear Limited to acquire Illion Digital Tech Solutions for A$7.75 million
SYDNEY- Australian debt collection technology firm Credit Clear Limited CCR.AX said on Thursday it has agreed to buy software-as-a-service (SaaS) collections business DTS for A$7.75 million ($5.1 million) in cash, aiming to expand its digital platform and geographic footprint. The acquisition of Illion Digital Tech Solutions Holdings Limited (DTS), a unit of Experian New Zealand…
SPIE signs agreement to acquire Worley Power Services, a subsidiary of Worley Group
PARIS: SPIE, the independent European leader in multi-technical services in the areas of energy infrastructure and communications, announces the signing of an agreement to acquire Worley Power Services, a subsidiary of Worley Group. With this acquisition, SPIE Global Services Energy expands its core expertise in technical maintenance to include power generation assets. Building on its…
Praemium to acquire Technotia Laboratories in $7.5 mln share deal
MELBOURNE – Australian wealth management platform Praemium Ltd (ASX: PPS) said on Monday it will acquire technology solutions firm Technotia Laboratories in a $7.5 million all-share deal, aiming to accelerate artificial intelligence innovation and automation across its services. Praemium will issue 9,047,045 ordinary shares at $0.829 each to acquire 100% of Technotia, founded by scientist…
Symphal agrees to acquire Timms Group and L&D Contracting for $28 million to tap 2032 Olympics boom
SYDNEY – Australian infrastructure firm Symphal Group said on Wednesday it has agreed to buy two Queensland-based civil contracting and haulage businesses for A$28 million ($18.5 million), aiming to capture a wave of pre-Olympics construction in the state. Symphal will acquire the assets of Timms Group and L&D Contracting via an upfront cash payment from…
Bendigo and Adelaide Bank strikes deal to buy RACQ Bank’s retail business
SYDNEY – Bendigo and Adelaide Bank (BEN.AX) announced an agreement to acquire the retail lending assets and deposits of RACQ Bank, a move aimed at boosting its geographic diversity and shareholder returns. The deal, subject to regulatory approval, involves the transfer of about A$2.7 billion ($1.8 billion) in retail loans and A$2.5 billion in retail deposits…
Australian software firm Nuix to acquire France’s Linkurious in €20 million deal
SYDNEY – Australian investigative analytics software maker Nuix Ltd (NXL.AX) said on Wednesday it has agreed to acquire French graph intelligence firm Linkurious for a maximum enterprise value of €20 million ($35.4 million), aiming to bolster its data visualisation and artificial intelligence capabilities. The acquisition of Linkurious, a Paris-based provider of a graph-powered AI decision…
Control Bionics to acquire full ownership of Neuro Elite Athletics
MELBOURNE – Control Bionics Ltd said on Wednesday its U.S. subsidiary has agreed to acquire the remaining stake in Neuro Elite Athletics LLC, the company behind the NeuroBounce athletic performance program, in a deal valued at about US$500,000. Control Bionics Ngage Inc. will purchase the outstanding 77.83% interest for US$389,150 through the issuance of shares…