At the core of the $9T B2B e-Commerce ecosystem are the business networks which facilitate the transaction, fulfillment, transportation and final delivery of goods and services through the supply chain. These electronic networks first emerged over 20 years ago, but are now being transformed again. The convergence of Digital initiatives with other emerging technologies, such as IoT, is ushering in a new Multi-Enterprise Digital Supply Chain (“MDSC”).
- Cleanaway has entered into a Scheme Implementation Deed to acquire 100% of the shares on issue in Toxfree for $3.425 per share in cash (“Acquisition Price”), representing an equity value of $671 million and an enterprise value of $831 million1 (“Acquisition”)
- Strategically compelling acquisition that strengthens Cleanaway’s existing operating segments, further improves operating leverage and delivers Cleanaway a leading position in the attractive medical waste segment
Logistics software technology company WiseTech Global’s global growth strategy of mixing organic growth with target acquisitions is reaping rewards, with the business growing its net profit by 368 per cent to $14.5 million.
The company made its first acquisition as a public company only a month after listing and since January it has acquired another two companies, the most recent being Italian customs compliance technology company ACO Informatica for $1.65 million.
Australian human resources software company ELMO is eyeing a $40 million float on the Australian Securities Exchange, 15 years after it started its growth in a dimly lit bunker.
When Danny Lessem founded the cloud-based software company in 2002 with co-founder Manuel Garber, ELMO was an e-learning platform and the term “cloud” had yet to enter everyday vernacular.
Tech stocks that listed on the ASX in 2016 have comfortably outshone their counterparts from other sectors, with stronger returns for shareholders in their first year of public life.
A new report from OnMarket BookBuilds, a platform that gives retail investors access to initial public offerings, found there were 25 tech listings in 2016, which delivered a 69.5 per cent return to investors.