Daily Roundup

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Asset Vision Lands Major Infrastructure Contracts

Asset Vision has had a stellar day, securing a raft of new contracts that's pushing its FY26 Annual Recurring Revenue run rate to $6.4 million. The wins span Transport, Civic & Community, and Social Infrastructure—some of the company's key growth verticals. The standout deal is a three-year agreement with NSW Homes to manage 150,000 social housing dwellings, a massive undertaking that speaks to the scale of what Asset Vision is now handling. They've also locked in work with Tasmania's Department of State Growth for road and infrastructure management, plus contracts with Central Goldfields Shire Council, Ventia, and Fulton Hogan for asset management and road maintenance. Heading into FY27, Asset Vision is in a strong position with a solid pipeline and ambitions to become a global SaaS leader in enterprise asset management.

Matrix Composites Lands $34 Million Subsea Contract

Matrix Composites & Engineering has secured a substantial $34 million contract for subsea components from a major multinational energy services contractor. Work kicks off immediately at their Henderson, Western Australia facility, with production ramping up in Q4 2026 and completion expected by the end of FY27. This is a meaningful boost to Matrix's contracted work over the next 12 months, and the company's CEO is bullish about the outlook for the subsea services sector in FY27. The contract underscores Matrix's strong position in the international subsea market.

HiTech Group Eyes Hudson Global Resources Assets

HiTech Group Australia has put forward a proposal to acquire certain assets from Hudson Global Resources for up to $15 million. The deal structure includes an upfront $4 million 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 and regulatory clearance from the ACCC—but HiTech plans to fund it with a mix of debt and equity. The company remains positive about its standalone growth outlook while pursuing this strategic opportunity to maximize shareholder value.

Tasmea Snaps Up JPS Group for $75 Million

Tasmea has announced a transformational acquisition of JPS Group, a leading energy services provider, for up to $75 million. The deal breaks down as approximately $50 million upfront plus an earn-out of up to $25 million over four years based on performance milestones. JPS Group brings deep expertise in LNG and critical energy infrastructure, boasting a Tier-1 client base with more than 10 Master Services Agreements. The acquisition is expected to be immediately EPS accretive, with roughly 5% forecast pro forma EPS accretion in FY26e. JPS Group is on track to double its revenue by FY29, supported by international expansion into the USA and Africa. The transaction is slated to close in August 2026, pending regulatory approval.

Atlas Arteria's Takeover Offer Extended

Atlas Arteria has confirmed the automatic 14-day extension of IFM Investors' takeover offer, which now runs through 7 July 2026 after the bidder's voting power surpassed 50%. The Independent Directors are weighing their response and plan to issue a Supplementary Target's Statement before market open on Monday, 29 June 2026, so investors won't have to wait long for clarity on their position.