PERTH: SRG Global Ltd (ASX: SRG) announced Wednesday it has entered into a binding agreement to acquire 100% of Total AMS Pty Ltd (TAMS), a leading marine infrastructure services provider, for $85 million. The acquisition, structured on a cash-free, debt-free basis, is expected to be significantly accretive to SRG Global’s earnings. The deal implies a…
Tag: Australia
IsoEnergy to acquire Australia’s Toro Energy in uranium sector consolidation move
PERTH: Canadian uranium developer IsoEnergy Ltd. has agreed to acquire Australian counterpart Toro Energy Ltd. in an all-share deal that aims to create a diversified uranium company with assets across top-tier mining jurisdictions, the companies announced on Sunday. Under the terms of the scheme implementation deed, Toro shareholders will receive 0.036 of an IsoEnergy common…
Intelligent Monitoring Group to acquire Australia’s BNP Securities for $4.2 million
PERTH: Intelligent Monitoring Group Ltd (IMG) said on Wednesday it has agreed to acquire all shares of Australian security services firm BNP Securities Pty Ltd for A$4.2 million ($4.2 million) in cash, as it seeks to expand its footprint in the physical guarding market. The acquisition will be made through IMG’s subsidiary, ADT Security Group Pty…
Livium partners with South Korea’s Won Kwang S&T to tackle Australia’s solar waste crisis
MELBOURNE: Livium Ltd. (ASX: LIT), a leading Australian clean energy recycler, has signed a memorandum of understanding with South Korean solar innovator Won Kwang S&T to jointly address Australia’s mounting solar panel waste through advanced recycling technologies. The agreement marks Livium’s strategic expansion into photovoltaic (PV) recycling, leveraging its subsidiary Envirostream’s infrastructure and customer base…
Intertek acquires Australia’s Envirolab to expand environmental testing footprint
LONDON: Intertek Group plc (ITRK.L), a global provider of Total Quality Assurance services, said on Monday it has acquired Envirolab, a leading environmental testing and analysis firm based in Australia, as part of its strategy to expand in high-growth sustainability markets. The deal gives Intertek access to Envirolab’s five laboratories across Australia and New Zealand,…
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…
CSR to sell Badgerys Creek Property for A$575 million
SYDNEY: CSR Ltd. has entered into a binding agreement to sell its Badgerys Creek property, located adjacent to the new Western Sydney Airport, for A$575 million (approximately €320 million), the company announced Wednesday. The transaction is expected to close on Dec. 19, 2025, and marks a significant step in CSR’s ongoing property monetization strategy. The…
Commonwealth Bank of Australia reports strong full-year results, raises dividend
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,…
AGL Energy reports FY25 loss, restructures for transition
Company’s underlying net profit after tax was $640 million, a decrease of 21% SYDNEY: AGL Energy Ltd. (AGL) announced a statutory loss of $98 million for the twelve months ending June 30, 2025, a result influenced by significant items totaling $596 million, including an increase in onerous contracts and costs for a retail transformation. The…
Iress Ltd posts strong core earnings growth amid strategic transformation
The company posted a statutory net profit after tax of A$17.3 million for the six months MELBOURNE: Financial technology firm Iress Ltd. (ASX:IRE) reported a 19% rise in underlying earnings per share from its continuing business in the first half of 2025, driven by solid performance in its trading and wealth segments. The company posted…
Credit Corp reports strong recovery, optimistic outlook for FY26
Company’s net profit for FY25 reached $94.1 million, which is a 16% increase over the previous year SYDNEY: Credit Corp Group Limited (ASX: CCP), a provider of debt purchasing and consumer lending services, announced a solid recovery for the 2025 financial year (FY25) and presented a strong outlook for FY26. The company’s net profit after…
Pacific Equity Partners to acquire Johns Lyng Group in $1.1 billion takeover
MELBOURNE: Building services firm Johns Lyng Group Limited (ASX: JLG) announced Friday it has entered into a binding agreement to be acquired by funds managed by Pacific Equity Partners (PEP) in a deal valuing JLG’s equity at approximately $1.1 billion. Under the Scheme Implementation Deed, Sherwood BidCo Pty Ltd — a PEP-controlled entity — will…