SYDNEY: MotorCycle Holdings Ltd. (ASX: MTO) has announced a strategic acquisition of select dealership assets from Peter Stevens Motorcycles Pty Ltd and Harley Heaven Pty Ltd, both currently under administration. The deal, valued between $7 million and $9 million, will be funded through MTO’s existing cash reserves and bailment facilities. Under the binding asset sale…
Tag: Australia
ADVFN Plc acquires Capital Markets Group, expands retail investor reach
LONDON: ADVFN PLC (AFN:JPJ) announced Monday the acquisition of the Capital Markets Group, which includes two major investor engagement platforms: Stockhouse in Canada and HotCopper in Australia. The London-based financial information company said the deal strengthens its position in the small-cap investor space, combining one of the largest retail investor communities in both markets. As…
TALi Digital acquires You Can Do It! Education
MELBOURNE: TALi Digital Ltd (ASX: TD1), a digital health company, has announced the acquisition of You Can Do It! Education (YCDI!), a social-emotional learning program, for $1.34 million. The deal, funded by TALi’s existing cash reserves, includes an upfront payment of $1.14 million and $200,000 in installments over 24 months. YCDI!, an Australian-based program, focuses…
Tesla sales rebound in Australia amid global challenges
Tesla reported a sales rebound in Australia in May, with deliveries reaching their highest level in nearly 12 months. The automaker sold 3,897 vehicles, driven by record sales of its updated Model Y SUV, which surged 122.5% year over year. However, Model 3 sales dropped significantly. Despite the May rebound, Tesla’s year-to-date sales in Australia…
Tesla’s Australian sales surge as Model Y demand soars
Tesla saw a rebound in Australian sales in May, hitting their highest level in nearly a year despite declines in the U.S. and Europe. The EV maker reported 3,897 deliveries, largely driven by strong demand for its revamped Model Y compact SUV, which surged 122.5% year over year. In contrast, sales of the Model 3…
Sony announces PlayStation 5 price increases
Sony has announced price hikes for some PlayStation 5 (PS5) gaming consoles in multiple markets, including the United Kingdom, Europe, Australia, and New Zealand. The price increases, effective Monday, come as the company grapples with what it describes as a “challenging economic environment,” citing high inflation and fluctuating exchange rates. In a blog post confirming the…
RooLife Group expands global footprint with new online stores in Australia, China, and Hong Kong
SYDNEY: e-Commerce company RooLife Group Ltd (ASX:RLG) is expanding its global presence with three new online stores launched this month in Australia, China, and Hong Kong. The company is also set to launch its new Indian RLG Marketplace in November. These new stores have generated $270,000 in product sales in October alone, highlighting the scalability…
Australia appoints VFS Global to deploy biometric collection for Sub-Saharan Africa
Government of Australia has appointed VFS Global to provide biometric collection services for Sub-Saharan Africa. VFS Global is the world’s leading outsourcing and technology service specialist for governments and diplomatic missions. This is in addition to the seven regions awarded in August 2023 to provide biometric collection services –the Americas, Mekong, Middle East and North…
SunRice Group to acquire SavourLife for A$20.3 million
SYDNEY: The SunRice Group has entered into an agreement to acquire 100% of SavourLife for A$20.3 million. SavourLife will be integrated into the SunRice Group’s CopRice business, in line with its strategic objective to further expand into the branded companion animal market. The acquisition will utilise CopRice’s existing manufacturing and nutrition capabilities, to help accelerate…
Experian signs deal to acquire illion for A$820 million
LONDON, UK: Experian, the global information services company, has signed an agreement to acquire illion, one of the leading consumer and commercial credit bureaus in Australia and New Zealand. The acquisition of 100% of illion is for a total consideration of up to A$820m (c.US$532m), payable on completion of the transaction and to be funded…
Gratifii signs deals with EML Payment to boost gift card services in Australia
SYDNEY: Gratifii Limited (ASX:GTI), a prominent loyalty and rewards enterprise, has announced the signing of two pivotal agreements with EML Payment Solutions Limited, a subsidiary of EML Payments Limited (ASX:EML). These agreements aim to enhance Gratifii’s offerings in the Australian market by delivering prepaid debit cards and expanding reward options for EML’s clientele. A 3.5-year…
SingPost to restructure into three autonomous business units
Singapore Post Ltd (SingPost) has concluded its strategic review, initiated in May 2023 with Merrill Lynch (Singapore) Pte. Ltd. (BofA Securities) as the financial advisor. The review aimed to enhance shareholder returns and ensure the Group’s appropriate valuation. Over recent years, SingPost has evolved from a traditional postal service into a technology-driven international logistics enterprise,…