Latest Industrial Services News

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WestStar Industrial’s subsidiary SIMPEC has landed a significant $8 million contract to supply and install ventilation systems for the NSW Government’s Western Harbour Tunnel, marking a strategic expansion into Sydney’s infrastructure sector.
Victor Sage
Victor Sage
18 Sept 2025
Verbrec Limited has agreed to sell its Competency Training business to RelyOn Australia for $11.5 million in cash, aiming to sharpen its focus on core engineering services and accelerate growth in energy transition and automation.
Victor Sage
Victor Sage
10 Sept 2025
Tasmea Limited has launched a $43 million institutional placement to strengthen its balance sheet for future acquisitions, following a robust FY25 with significant profit growth and margin expansion. The company’s FY26 guidance signals continued momentum driven by organic growth and strategic acquisitions.
Victor Sage
Victor Sage
8 Sept 2025
Tasmea Limited has completed a fully underwritten A$43 million institutional placement, aiming to accelerate acquisitions, reduce debt, and enhance its chances of joining the ASX 300 Index.
Victor Sage
Victor Sage
8 Sept 2025
Boom Logistics has confirmed the resignation of former CEO Ben Pieyre following investigations into his unauthorised use of company funds, with losses estimated under $1 million and ongoing inquiries underway.
Victor Sage
Victor Sage
4 Sept 2025
Tasmea Limited has firmly denied recent media speculation about potential block trades by its executive directors, reaffirming their strong shareholding and commitment to growth. The company is focused on organic expansion and acquisitions to secure ASX 300 inclusion next year without raising new capital.
Victor Sage
Victor Sage
3 Sept 2025
Brazilian Rare Earths Limited has obtained the final regulatory approval to operate its rare earth pilot plant in Brazil’s largest petrochemical complex, setting the stage for pilot operations in mid-2026.
Maxwell Dee
Maxwell Dee
3 Sept 2025
WestStar Industrial reports a 36% revenue decline and a $3.4 million net loss in FY25, driven by reduced activity at SIMPEC. New contract wins post-year-end signal a potential turnaround for FY26.
Victor Sage
Victor Sage
29 Aug 2025
AVADA Group Limited reported a revenue decline and a $9.7 million impairment on its New Zealand operations in FY25, while completing Phase 1 of its business transformation including ERP implementation and operational consolidation.
Victor Sage
Victor Sage
29 Aug 2025
Boom Logistics has appointed Lester Fernandez as Interim CEO following Ben Pieyre’s departure, with Chair Kieran Pryke stepping up to support the transition. A permanent CEO search is underway, signaling a pivotal moment for the company’s leadership.
Victor Sage
Victor Sage
29 Aug 2025
AVADA Group Limited reported a significant net loss of $17.6 million for FY25, driven by major impairments in New Zealand and New South Wales operations amid challenging market conditions. The company completed a strategic consolidation of its Australian businesses and appointed new senior management to steer operational transformation.
Victor Sage
Victor Sage
29 Aug 2025
MCS Security Services Limited reported a 63% revenue decline following the sale of its Security Business, yet improved its net loss and underlying EBITDA in FY25. The Traffic Business showed promising growth, while the company weighs capital management and potential divestments.
Victor Sage
Victor Sage
29 Aug 2025