Latest It Services Sector News

Johns Lyng Group has officially been acquired by Sherwood BidCo, controlled by Pacific Equity Partners, with shareholders receiving $4.00 per share or equity in the new entity. The company will be delisted from the ASX on October 24, marking a new chapter under private ownership.

Acumentis delivered a 3.4% revenue increase to $58.1 million at its 2025 AGM, highlighting diversification and a positive outlook for FY26 amid easing inflation and expected rate cuts.

Apiam Animal Health Limited has entered a binding agreement with Adamantem Capital Fund II for a $228.4 million acquisition via a scheme of arrangement, offering shareholders a significant premium and flexible cash or scrip consideration options.

Zip Co Limited has increased its on-market share buy-back limit from $50 million to $100 million, reflecting confidence in its financial strength and growth prospects. The move underscores the company’s commitment to capital management and shareholder returns.

Aquirian Limited has secured a $2.3 million strategic placement with Topgroup and signed a non-binding Memorandum of Understanding to form Drillforce WA, a 50 – 50 joint venture combining their drilling and blasting expertise.

DGL Group Limited remains suspended from ASX trading following delays in lodging audited accounts and a concerning auditor disclaimer. Investors await clarity on the company’s financial health and path to reinstatement.

Connexion Mobility Ltd has secured shareholder approval to initiate an on-market buy-back of up to 160 million shares, aiming to enhance capital management over the next year.

NSX Limited’s shares have been suspended from trading following Federal Court approval of its acquisition by an Ontario-based entity linked to CNSX Markets Inc. This marks a significant shift in ownership for the Australian stock exchange operator.

Johns Lyng Group shares will halt trading following Supreme Court approval of its acquisition by Sherwood BidCo, controlled by Pacific Equity Partners.

The Federal Court of Australia has approved the acquisition of NSX Limited by a related entity of the Canadian Securities Exchange operator, setting the stage for NSX’s delisting from the ASX later this month.

Johns Lyng Group’s acquisition by Sherwood BidCo has been legally approved, triggering a suspension of JLG shares on the ASX. Shareholders are set to receive $4 per share or scrip consideration by late October.

Smartpay Holdings Limited shareholders convened to vote on a proposed NZ$1.20 per share acquisition by Shift4 Payments, a deal that offers a significant premium and promises immediate cash returns. The Board unanimously endorses the scheme, highlighting a thorough competitive process and the absence of superior bids.