Latest It Services News

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.

Livium Ltd has entered a strategic partnership with South Korea’s Won Kwang S&T to tackle Australia’s growing solar panel waste through phased recycling initiatives, aiming to establish a domestic photovoltaic recycling facility.

Nexion Group has amended its sale agreement with Pier DC to include cancellation of an increased $1.75 million in Convertible Notes, reflecting recent fundraising. This adjustment marks a key step in the divestment of its Networks and Telecom units.

AssetOwl Limited has increased its funding facility with Pacific Equity Investors Inc from $700,000 to $1 million, enhancing its financial flexibility to support recent contract wins.

Symal Group has agreed to acquire Queensland water contractor McFadyen Group for $11 million, boosting its capabilities and FY26 EBITDA guidance. The deal marks a strategic expansion into water infrastructure and utilities markets.

Adavale Resources has updated its prospectus to reflect a $3.1 million capital raise through share placements and director participation, reinforcing its funding position amid ongoing exploration efforts.

Mad Paws Holdings Limited (ASX – MPA) shareholders are invited to vote on a Scheme of Arrangement for the acquisition of 100% of Mad Paws by Rover Group, Inc. at $0.14 cash per share. The Mad Paws Board unanimously recommends approval, supported by an Independent Expert’s Report deeming the deal fair and reasonable.

Aspermont Limited has raised an additional $891,210 through its Share Purchase Plan, complementing a recent $1.75 million institutional placement. This capital injection supports the company’s strategic pivot towards data-driven mining intelligence and AI-powered services.

CloudHolter Pty Ltd reported a substantial $39.7 million net loss for FY2025 amid ongoing cash outflows but continues to raise capital through convertible notes as it targets an IPO by year-end.

Shine Justice Ltd has announced a fresh on-market share buy-back of up to 10% of its issued capital, continuing its capital management strategy following a recent buy-back completion.

Shine Justice Ltd has announced an on-market buy-back of up to 10% of its ordinary shares, set to begin in October 2025 and run for a year. This move signals a strategic capital management initiative without requiring shareholder approval.

Altitude Minerals has secured an exclusive option agreement to acquire the Firenze Silver & Gold Project in Nevada, boasting exceptional surface assays and poised for drilling in 2026.