Latest It Services Sector News

Suzerain Investment Holdings has declared its takeover bid for Entertainment Rewards unconditional, now holding nearly 97% of shares. The offer remains open until the end of December, setting the stage for potential full ownership.

Ventia Services Group has secured a significant $100 million contract to provide Whole-of-Government cleaning services across Western Sydney, reinforcing its long-term partnership with the NSW Government and commitment to local economic growth.

Babylon Pump & Power has secured a three-year contract with gold giant Newmont, promising steady revenue and reinforcing its position in the mining services sector.

Develop Global Limited has landed a significant A$200 million contract to build underground access tunnels at OceanaGold’s Waihi North Project in New Zealand, marking a major milestone for its mining services division.

Epsilon Healthcare Limited is poised to return to ASX trading on 19 December 2025 after satisfying the exchange's conditions for reinstatement.

Assetora Limited has appointed external administrators following a contested debt claim by SILC, signaling a complex financial and legal standoff. The company disputes the debt but is prepared to pay to avoid further costs while continuing to challenge the claim.

Perpetual Limited has extended its exclusivity agreement with Bain Capital into early 2026 as discussions continue over the potential sale of its Wealth Management business. While progress is steady, no binding deal is yet assured.

Elders Limited has updated its dividend details for the half-year ending September 2025, declaring a fully franked 18 cents per share dividend payable in December, alongside a discounted dividend reinvestment plan.

Thorney Technologies Limited (ASX, TEK) will resume trading on the ASX from 16 December 2025 following the lodgement of its Net Tangible Asset Backing, ending its recent suspension.

AWAG has accelerated its growth trajectory by doubling its authorised representatives and increasing funds under management to $3.6 billion through strategic investments in Avalon Financial Services and SWR Chartered Accountants.

Fiducian Group’s subsidiary Fiducian Investment Management Services Limited has filed a defence after ASIC initiated civil proceedings alleging misleading disclosure and compliance failures related to a managed fund.

Boom Logistics has appointed Lester Fernandez as its permanent Managing Director and CEO, entrusting him to lead the company through its next phase of growth with a strong focus on safety and operational excellence.