EPX Limited has successfully raised nearly $295,000 through a Security Purchase Plan, supporting its recent acquisition of Wattwatchers and positioning the company for further expansion.
- Security Purchase Plan raised $294,501 from 23 valid shareholder applications
- 1,178,004 new shares issued at $0.25 each, matching institutional placement price
- Funds to support Wattwatchers acquisition, further M&A, technology investment, and working capital
- Acquisition approximately doubles EPX’s Australian revenue and expands global industrial reach
- EDGE platform continues to drive energy efficiency and operational insights across 700+ buildings
Capital Raising Completes Successfully
EPX Limited (ASX – EPX) has announced the results of its recent Security Purchase Plan (SPP), which raised $294,501 through the issuance of over 1.17 million new shares at $0.25 each. This price matched the institutional placement conducted in December 2025, reflecting consistent investor confidence in the company’s growth trajectory.
Despite sending out 323 invitations, the company received 23 valid applications, with all accepted in full and no scale back applied. The new shares were allotted and quoted on the ASX on 23 January 2026, with holding statements dispatched the same day.
Backing the Wattwatchers Acquisition
The capital raised through the SPP, alongside the prior institutional placement, is earmarked primarily for settling the acquisition of Wattwatchers Pty Limited. This strategic move has approximately doubled EPX’s Australian revenue base and broadened its footprint into the global industrial market vertical, a significant leap for the building performance software provider.
CEO John Balassis highlighted the acquisition’s transformative impact, noting it enhances EPX’s global reach and strengthens its position in the industrial sector. The deal also aligns with EPX’s ambition to accelerate growth through further mergers and acquisitions, as well as continued investment in its proprietary EDGE technology platform.
Technology and Market Position
EPX’s EDGE platform remains central to its value proposition, delivering vendor-agnostic, data-driven insights that reduce energy consumption and greenhouse gas emissions across commercial real estate portfolios. With over 700 buildings under management spanning more than 7.5 million square metres in 25 countries, the platform analyses billions of data points annually to identify operational inefficiencies and optimise building performance.
The company’s focus on sustainability and cost efficiency resonates strongly in a market increasingly prioritising environmental impact, positioning EPX well for future growth opportunities.
Looking Ahead
With fresh capital secured and a significant acquisition integrated, EPX is poised to pursue further M&A opportunities and deepen its technology investments. The company’s ability to scale its platform and expand its market reach will be critical factors to watch in the coming months.
Bottom Line?
EPX’s successful capital raise and strategic acquisition set the stage for accelerated growth and expanded global influence.
Questions in the middle?
- How will the Wattwatchers acquisition impact EPX’s profitability and margins going forward?
- What specific M&A targets or sectors is EPX considering next to complement its platform?
- How quickly can EPX integrate Wattwatchers’ operations and technology into its existing EDGE platform?