Daily Roundup

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Acusensus Lands Victorian Road Safety Camera Deal

Acusensus Limited has signed an agreement with the Victorian Government to install two fixed road safety camera systems for testing and evaluation. The contract is worth approximately $1.7 million over an initial two-year period, with the potential to extend up to 10 years. Systems are expected to be installed by mid-2027 and will be used to test instantaneous speed and average speed enforcement capabilities without issuing infringements. The deal represents a meaningful opportunity for the AI-enabled road safety specialist to demonstrate its technology's effectiveness in Victoria.

Maxiparts in Takeover Talks While Expanding via Air Brake Acquisition

Maxiparts has received a non-binding proposal from Ares Management Asia Singapore to acquire the company for $2.50 per share—a 46% premium to its last closing price. The company has agreed to an exclusivity arrangement with Ares for due diligence, though the offer remains subject to funding and regulatory approvals.

Meanwhile, Maxiparts is also pushing ahead with its own growth strategy, acquiring Air Brake Systems for $11.2 million. The deal is expected to enhance the company's product range and market reach in the commercial vehicle braking sector, with management anticipating sales growth and cost savings across the group.

Eureka Group's Transformational Expansion

Eureka Group Holdings is making a major move, acquiring six lifestyle and mixed-use communities from Ingenia Communities for $123.8 million. The NSW Living Portfolio acquisition will expand Eureka's footprint to 70 villages with 5,492 homes and sites under management, boosting assets under management by 23% to $666 million. The deal will also lift the company's NSW exposure from 8% to 24%.

To fund the acquisition, Eureka is undertaking a fully underwritten $80.2 million equity raising via a 1 for 3.29 accelerated non-renounceable entitlement offer, alongside $80 million in new committed debt facilities from Westpac and National Australia Bank. The company has upgraded its FY27 underlying earnings per share guidance to at least 4.2 cents, representing 22% growth on FY26, with the acquisition forecast to deliver a five-year unlevered internal rate of return of 15%.

Memphasys Enters Turkish Market

Memphasys Limited has achieved product registration for its Felix System in Turkey, unlocking commercial sales in the country. The company has already completed its first sale, comprising 100 Felix cartridges and two consoles. With 165 assisted reproduction centers operating across Turkey, the market represents a significant opportunity for expansion through clinic engagement and product demonstrations.

Bhagwan Marine Secures Energy Sector Contract

Bhagwan Marine Limited has landed a multi-year contract with a global Tier 1 energy company for deployment of the Riverside Guardian vessel. The two-year agreement, with options for two additional one-year extensions, carries a minimum committed value of $5.8 million and potential upside to $11.6 million depending on operational requirements and vessel utilisation. The contract validates the strategic value of Bhagwan's earlier acquisition of Riverside Marine and supports the company's organic growth strategy.