Vysarn Limited (ASX:VYS)

ALERT: Price-sensitive ASX Announcement for VYS

Current share price for VYS : $1.080 0.025 (2.37%)⁺

Announcement

Acquisition of Welltech and Capital Raise

Release

28 Jul 2026 9:09AM

Price at Release

$1.055

Full Release

Summary

Vysarn Limited has announced the acquisition of Technologies International Group Pty Ltd, trading as Welltech, a water and sewerage management company. The acquisition will be funded through a fully underwritten capital raising of $65.3 million. Vysarn will acquire 100% of Welltech's shares for a cash consideration of $37.25 million and 4.76 million Vysarn shares, with up to $5 million in deferred consideration tied to EBITDA targets. This strategic acquisition, along with the proposed purchase of NWG Enterprises Pty Ltd, is expected to significantly enhance Vysarn's portfolio by adding high-quality clients and is aligned with the company's earnings accretive and capital-light business model. The completion of this acquisition is anticipated in September 2026.

Key Points

Vysarn Limited acquires Welltech for $37.25 million cash and 4.76 million shares.
Acquisition funded through $65.3 million capital raising.
Up to $5 million deferred consideration tied to EBITDA targets.
Completion expected in September 2026.
Strategic acquisition aligns with earnings accretive, capital light model.
Addition of high-quality clients to Vysarn's portfolio.
Fully underwritten capital raising supports acquisition funding.
Transformative acquisition complements existing water business.

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.