Investor Presentation

Key points

• Acquired a trusted recruitment brand with a 40-year history
• Significant cost reduction achieved through targeted asset acquisition
• Day 1 revenue of approximately $150 million
• Acquisition completed at an attractive entry multiple

Full summary

Hitech Group Australia Ltd has successfully completed the acquisition of Hudson Global Resources Australia, a 40-year-old trusted recruitment brand, for an upfront purchase price of $5.1 million. The acquisition includes key assets, customer relationships, and business capabilities, while limiting exposure to Hudson's historical liabilities. The transaction was funded through a $10 million term loan, HiTech's cash on hand, a $4 million equity raising, and a $15 million receivables facility. The acquisition is expected to be earnings per share (EPS) accretive on a pro forma basis before synergies and presents a material re-rate opportunity going forward.