Acquisition of Welltech and Capital Raise
| Stock | Vysarn Ltd (VYS.ASX) |
|---|---|
| Release Time | 28 Jul 2026, 9:09 a.m. |
| Price Sensitive | Yes |
Vysarn Announces Acquisition of Welltech and Capital Raise
- Vysarn to acquire Welltech for $37.25 million upfront cash and 4.76 million shares
- Acquisition to be funded via a $65.3 million capital raise
- Combined NPAT expected to deliver earnings per share accretion of over 37.3%
- Welltech acquisition expected to complete in September 2026
Vysarn Limited (ASX: VYS) has announced the acquisition of Welltech, a water and sewerage management business, for an upfront cash consideration of $37.25 million and 4.76 million Vysarn shares. The acquisition is expected to complete in September 2026 and will be funded via a fully underwritten capital raising of $65.3 million. The capital raising will issue approximately 62.2 million new shares at $1.05 per share. The acquisition is expected to be earnings accretive, with the combined NPAT delivering earnings per share accretion of over 37.3%. The Welltech acquisition is subject to conditions precedent, including the completion of the capital raising and obtaining regulatory approvals.
Vysarn expects the Welltech acquisition to deliver earnings per share accretion of over 37.3%.
Vysarn anticipates the Welltech acquisition to be transformative, broadening its client base and enhancing its integrated water business portfolio.