Daily Roundup

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Asset Vision Books Major Infrastructure Wins Across Multiple Sectors

Asset Vision Co Ltd is riding high after landing a slew of new contracts that's pushing its FY26 annual recurring revenue run rate to $6.4 million. The software company has secured work across transport, civic and community, and social infrastructure—a diversification that positions it well as it eyes becoming a global leader in enterprise asset management.

The wins are substantial. NSW Homes tapped Asset Vision to manage 150,000 social housing dwellings under a three-year agreement, while Tasmania's Department of State Growth signed on for road and infrastructure management. The company also picked up contracts with Central Goldfields Shire Council, Marine and Safety Tasmania, and major road maintenance operators Ventia and Fulton Hogan. It's the kind of momentum that should carry into FY27, with management pointing to a strong pipeline heading forward.

Matrix Lands A$34 Million Subsea Contract

Matrix Composites & Engineering Ltd has secured a significant A$34 million contract for subsea components from a major multinational energy services contractor. The work kicks off immediately at the company's Henderson, Western Australia facility, with production ramping up in Q4 2026 and wrapping by the end of FY27.

This is more than just a nice win—it meaningfully expands Matrix's contracted workload over the next 12 months and gives the company confidence in the subsea services sector's outlook for the year ahead. The contract also includes options for additional equipment packages and services, suggesting there could be more upside down the track.

HiTech Group Eyes Hudson Global Resources Assets

HiTech Group Australia Limited has thrown its hat in the ring with a proposal to acquire certain assets from Hudson Global Resources for up to $15 million. The deal structure includes a $4 million upfront payment, $6 million upon due diligence completion, and up to $5 million in deferred consideration.

It's not a done deal yet—the proposal needs creditor approval, regulatory clearance from the ACCC, and other customary approvals. HiTech plans to fund the acquisition with a mix of debt and equity, and management is confident about the company's standalone growth prospects regardless of how this one shakes out.

Tasmea Makes Bold Move into Energy Services with JPS Group Acquisition

Tasmea Ltd is making a strategic pivot into the energy sector with the acquisition of JPS Group for up to A$75 million. The deal includes an upfront payment of roughly A$50 million and an earn-out of up to A$25 million over four years, tied to hitting certain performance targets.

JPS Group brings serious credentials to the table—it's an integrated services provider with deep expertise in LNG and critical energy infrastructure. The company boasts a Tier-1 client base anchored by more than 10 master services agreements, and it's already plotting international expansion into the USA and Africa. Tasmea expects JPS to double its revenue by FY29, and the acquisition should deliver approximately 5% pro forma earnings per share accretion in FY26. The transaction is slated to close in August 2026, pending regulatory approval.

Atlas Arteria Takeover Offer Automatically Extended

Atlas Arteria's board is gearing up for another round with IFM Investors after the bidder's voting power crossed the 50% threshold. The takeover offer has been automatically extended for 14 days through 7 July 2026, and the company's Independent Directors are preparing a Supplementary Target's Statement expected before market open on 29 June 2026. They're committed to weighing what's best for all securityholders as this process unfolds.