Key points
- BSA proposes to acquire 100% of Eonetics, an aerial infrastructure technology business.
- Consideration includes BSA shares, options, and performance shares.
- No capital raising planned; BSA retains a strong balance sheet.
Full summary
BSA Limited (ASX: BSA) announced its intention to acquire 100% of Eonetics Pty Ltd, an Australian-developed aerial infrastructure technology business. The acquisition aims to integrate Eonetics' proprietary tethered-drone, software, and remote infrastructure capabilities with BSA's existing services, enhancing BSA's capabilities in inspection, surveillance, and connectivity solutions. The transaction is subject to customary conditions, including shareholder and regulatory approvals, and the execution of the Share Purchase Agreement by all sellers. The acquisition is expected to create growth opportunities by leveraging BSA's national field workforce and Eonetics' international customer and partner network.
Guidance
BSA expects to complete the acquisition shortly after the 2026 annual general meeting.
Outlook
The acquisition is expected to create an integrated field-services and technology platform, with opportunities to develop recurring technology, software, and service revenues.