InvestSMART

Vysarn Limited (ASX:VYS)

ALERT: Price-sensitive ASX Announcement for VYS
Current share price for VYS : $0.995 0.155 (18.45%)+
Announcement
Release
3 Jun 2026 9:55AM
Price at Release
$0.840
Full Release
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Summary
Vysarn Limited has announced a strategic acquisition of NWG Enterprises Pty Ltd, known as NewGround, through a binding Share Sale Agreement. The deal involves acquiring all issued shares of NewGround for a combination of 33 million Vysarn shares and $25 million in cash, contingent on NewGround's performance over the next three years. This acquisition is expected to significantly enhance Vysarn's earnings and diversify its service offerings with a focus on water infrastructure and related sectors. The completion of this acquisition depends on fulfilling several conditions, including successful due diligence and securing necessary funding.
Key Points
  • Vysarn Limited has entered into a binding Share Sale Agreement to acquire NWG Enterprises Pty Ltd (NewGround).
  • The acquisition involves 100% of the issued shares in NewGround for up to 33 million Vysarn shares and $25 million in cash.
  • The transaction includes upfront and deferred payments contingent on NewGround's EBIT performance over three years.
  • The acquisition is anticipated to enhance Vysarn's earnings per share by approximately 25% on a pro forma basis.
  • NewGround specializes in designing, constructing, and maintaining industrial-scale irrigation systems and other water services.
  • The acquisition aims to diversify Vysarn's revenue streams and establish a new operating segment focused on water infrastructure and related services.
  • Completion is subject to several conditions including due diligence and funding acquisition.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.