• Binding term sheet to acquire 100% of New Zealand-based G&S Technologies
• Acquisition supports Austco's strategy to expand direct sales capability globally
• G&S Technologies achieved NZ$22.9 million revenue and NZ$2.9 million EBITDA in FY2025

Austco Healthcare Limited (ASX:AHC) has entered into a conditional binding term sheet to purchase New Zealand-based G&S Technologies, a leading provider of integrated communication and security systems for healthcare facilities. G&S Technologies specialises in the installation, service, and maintenance of Nurse Call, Real-Time Location Systems (RTLS), CCTV, Access Control, and other integrated security and communication systems. With over 100 employees, more than 200 customers, and over 5,000 completed projects, G&S Technologies has built a strong reputation across New Zealand's North Island, particularly in the healthcare and aged care sectors. The proposed acquisition of G&S Technologies aligns with Austco's strategic objectives of expanding its direct sales capability, driving accelerated growth, and enhancing its portfolio of solutions to better serve healthcare markets. The acquisition will enable Austco to engage common corporate clients who operate in both New Zealand and Australia, compete for larger opportunities, present a manufacturer-led solution directly to customers, deliver fully integrated end-to-end low-voltage technology solutions, and better position the value of its software and software maintenance agreements. The proposed acquisition is priced at 3.5 times EBITDA, consistent with Austco's prior acquisitions, and is expected to be immediately earnings per share accretive, excluding any potential revenue synergies. The transaction is expected to be completed on 1 June 2025, subject to the satisfaction of certain conditions.

G&S Technologies achieved NZ$22.9 million in revenue and NZ$2.9 million in EBITDA in the 12 months to March 2025. The acquisition is expected to be immediately earnings per share accretive, excluding any potential revenue synergies.

The acquisition of G&S Technologies will boost Austco's competitive standing and growth opportunities in the healthcare and security communications industry, particularly in New Zealand and across the wider Asia-Pacific region. The combined expertise and strong customer relationships will allow Austco to deliver optimal outcomes for its valued customers, dedicated employees, and supportive shareholders.