PERTH: Patriot Resources Limited (ASX: PAT) announced today the appointment of Dominic Duggan as Managing Director and Chief Executive Officer, effective immediately. Duggan, who had been serving as the company’s CEO, will now take on the expanded role to lead the company through its next phase of growth. A mining engineer and finance professional,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…