Browsing Category
General business news
8636 posts
Vysarn (ASX: VYS) closes A$60m Welltech acquisition as EPS accretion target hits 37%
Vysarn has completed its acquisition of Welltech, adding a water and sewerage-management business serving civil, utility, government and resources customers. The transaction is expected to be more than 37% EPS accretive on a pro forma FY26 basis, although the separate NewGround acquisition has been delayed.
Why Anduril’s $65m TITAN order matters beyond eight US Army intelligence systems
Anduril Industries has received a $65 million US Army delivery order for hardware and shelter integration across the first eight production TITAN intelligence systems, while Palantir Technologies leads the broader programme under a separate $127 million order.
Why Kongsberg waited 14 months to complete its Sonatech underwater acoustics deal
Kongsberg Gruppen ASA has completed its acquisition of California underwater acoustics specialist Sonatech more than 14 months after signing the deal, adding a long-standing US Navy supplier to a business increasingly focused on defence, autonomous underwater systems and subsea surveillance.
Symal Group (ASX: SYL) completes A$51m Shamrock Civil deal after record FY26
Symal Group has completed its acquisition of Shamrock Civil after FY26 revenue reached a record A$1.14 billion, expanding its national exposure to defence, resources and Northern Australia.
Open Cosmos gains route into £8bn TacSys market for sovereign satellite connectivity
Open Cosmos has been accepted onto the United Kingdom’s Tactical Communication Systems framework, giving the satellite company access to compete for future government communications work under an eight-year procurement vehicle valued at about £8.03 billion, but the framework appointment itself does not constitute an £8 billion contract award.
UK opens £5m Project PANOPTES race for autonomous counter-drone systems
The United Kingdom has launched Project PANOPTES with up to £5 million of immediate funding for technologies designed to detect and defeat mass low-cost drone threats, with successful concepts potentially progressing through a multi-phase pathway toward a future Ministry of Defence programme of record.
Scienjoy moves beyond live streaming with $13.1m Leader Education stake
Scienjoy Holding Corporation is paying US$13.1 million for 29.9% of Leader Education, taking a near-blocking stake in a growing but heavily financed Chinese higher education business as its core live-streaming revenue remains under pressure.
Metallus Q2 profit more than doubled. Why is former CFO Kris Westbrooks becoming CEO now?
Metallus has chosen President and Chief Operating Officer Kristopher Westbrooks to succeed retiring CEO Michael Williams, putting a former finance chief in charge as stronger pricing, aerospace investment and a growing order book lift earnings.
Eureka Group (ASX: EGH) to buy A$123.8m NSW portfolio as EPS guidance rises 22%
Eureka Group Holdings has agreed to acquire six New South Wales communities from Ingenia Communities for A$123.8 million, increasing homes and sites under management by 21%. The transaction lifts FY27 underlying EPS guidance to at least 4.2 cents, but requires a A$80.2 million entitlement offer that will expand Eureka's ordinary share base by roughly 30%.
KKR targets A1 Garage Door in $2bn transaction as residential-services consolidation accelerates
KKR has reportedly agreed to acquire A1 Garage Door Service for about $2 billion, extending private equity’s push into fragmented residential trades. Founder Tommy Mello built A1 from $25 million of revenue in 2017 to more than $200 million, while the company has completed a long series of local acquisitions. The valuation suggests KKR is betting that garage-door repair can follow HVAC and plumbing into a much larger institutional consolidation cycle.