Latest It Services News

Raptis Group Limited has secured $16.6 million in revenue through two related party transactions, pending shareholder approval. These deals, facilitated by its subsidiary FSU Capital, highlight ongoing strategic partnerships within the company’s leadership circle.

Tourism Holdings Limited has dismissed a $2.30 per share acquisition offer from a BGH-led consortium, reaffirming its FY25 underlying profit expectations despite anticipating a statutory loss due to significant impairments.

Babylon Pump & Power has completed two key acquisitions, expanding its water services platform and enhancing earnings with minimal integration risk. These moves position the company for sustained growth in the mining services sector.

Babylon Pump & Power has locked in a $21.15 million debt facility with NAB to refinance existing loans and support recent acquisitions, positioning the company for expanded operations.

CL8 Holdings has completed the sale of its Carly Car Subscription business to Carbar Holdings, retaining a stake in the merged entity and signaling a strategic pivot towards new growth opportunities.

Sequoia Financial Group has launched a dedicated AFSL Governance Committee to bolster oversight across its licenses, appointing former ASIC Commissioner Danielle Press as Independent Chair.

Silk Logistics shareholders have decisively approved the acquisition by DP World Australia, marking a pivotal step toward the deal’s completion pending final court approval.

Receivers and Managers have been appointed over Bowen Coking Coal and its subsidiaries following voluntary administration, as the company explores sale and recapitalisation options while maintaining operations.

SRJ Technologies reports a robust 81% increase in quarterly cash receipts, driven by strategic leadership changes and a focused expansion into the Middle East and other high-growth markets.

SRJ Technologies Group plc has announced a fully underwritten 8-for-9 entitlement offer to raise A$2.53 million, aiming to accelerate its strategic expansion in the Middle East through a UAE acquisition and a significant joint venture contract.

Nagambie Resources has raised $1.2 million through a strategic placement to fund further diamond drilling and update its mineral resource estimate at the Nagambie Mine. The capital raise includes options that could inject additional funds over the next three years.

Duratec Limited has acquired EIG Australia for up to $9 million, significantly boosting its fuel infrastructure and electrical services capabilities across key Australian sectors including Defence and Mining.