Austco Healthcare Limited (AU:AHC) has released an update.
Austco Healthcare Limited has announced the strategic acquisition of Amentco, a provider of communication and security solutions, to bolster its direct sales capabilities and expand its product offerings in the Australian market. The $10.6 million deal, structured to be immediately earnings accretive, is set to complete by May 1, 2024, and promises to enhance Austco’s market presence and drive revenue growth through cross-selling and operational efficiencies. The acquisition aligns with Austco’s growth strategy and is expected to strengthen its competitive edge in the healthcare and security sectors.
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