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Vysarn Limited (ASX:VYS)

ALERT: Price-sensitive ASX Announcement for VYS
Current share price for VYS : $0.775 -0.28 (-26.54%)+
Announcement
Release
28 Jul 2026 9:09AM
Price at Release
$1.055
Full Release
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Summary
Vysarn Limited has announced the acquisition of Technologies International Group Pty Ltd (Welltech) for an upfront consideration of $50 million, with a further $10 million deferred over three years. The transaction is expected to result in a 37.3% EPS accretion on a pro forma FY26 basis. This acquisition will be funded by a placement of new shares, raising approximately $65.32 million. Vysarn's pro forma FY26 projections include a revenue of $225.8 million, EBITDA of $51.3 million, and EBT of $39.7 million. The acquisition enhances Vysarn's capacity to offer diversified water management solutions across Australia, aiming to leverage synergies with NewGround to create a strong, scalable platform. The financials for FY26 are based on unaudited management accounts, subject to final adjustments.
Key Points
  • Vysarn has entered a conditional agreement to acquire Welltech for $50 million upfront, with an additional $10 million deferred over three years.
  • The acquisition is expected to be 37.3% EPS accretive on a pro forma FY26 basis.
  • Vysarn's pro forma FY26 revenue is projected to be $225.8 million, with EBITDA of $51.3 million and EBT of $39.7 million.
  • The acquisition will be funded through a single-tranche placement, issuing 62.21 million new shares at $1.05 each.
  • Welltech's FY26 financials are based on unaudited management accounts and have been normalized for additional overhead costs.
  • The combined platform of Vysarn, Welltech, and NewGround aims to create a diversified and scaled earnings platform across multiple specialist water markets.
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.