Austco completes acquisition of NZ based G&S Technologies

• Austco acquires NZ-based G&S Technologies, a certified Austco Nurse Call reseller
• Acquisition supports Austco's strategy of strengthening direct sales capability and enhancing solutions
• Upfront cash payment of NZ$7.97M, with further earnout payment based on business performance

Austco Healthcare Limited (ASX:AHC) has announced the completion of the acquisition of New Zealand-based G&S Technologies Ltd (G&S Technologies). G&S Technologies is a certified Austco Nurse Call reseller that 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 acquisition supports Austco's strategy of strengthening its direct sales capability, accelerating growth, and enhancing its range of solutions to better meet the needs of healthcare markets in which it operates. The acquisition details include an upfront cash payment of NZ$7,966,035 funded with existing cash reserves, a further payment for working capital adjustments, and an earnout payment based on the performance of the business for the period between completion and 31 December 2026. The earnout payment will be based on 3.5 times the annualised EBITDA achieved through the earnout period, less the upfront cash payment, and will be settled with up to 75% as scrip in Austco Healthcare Limited, at Austco's election, with the balance paid as cash.