Execution of Asset Sale Deed

Key points

• Hitech Group Australia Ltd executed Asset Sale Deed on 3 September 2026
• Acquisition of Hudson Global Resources assets
• Revised upfront purchase price of $7 million
• Completion scheduled for 11 September 2026

Full summary

Hitech Group Australia Limited (ASX: HIT) has executed a long-form Asset Sale Deed with Hudson Global Resources (Aust) Pty Ltd for the acquisition of certain assets. This follows the unconditional Phase 1 clearance from the ACCC received on 25 August 2026. The revised purchase price is $7 million, with a $1.25 million deposit already paid, less employee entitlements estimated at $1.8 million, and conditional deferred consideration of up to $3 million. The acquisition is scheduled for completion on 11 September 2026, subject to satisfying remaining conditions precedent.

Outlook

Hitech Group Australia Ltd expects to complete the acquisition of Hudson Global Resources assets, enhancing its market reach and capabilities.