Verbrec Limited (ASX: VBC) provides engineering, asset management, operations and maintenance, and training to the energy, mining, infrastructure and defence industries in Australia, New Zealand, PNG and the Pacific Islands.
The company announced it has acquired Alliance Automation (Alliance), increasing the group’s automation, control, digital industry, machine learning and cyber security capability and expanding its client base.
The consideration of $5.5m, on a trailing FY25 EBITDA multiple of 5.0x and an adjusted EBITDA multiple of 2.7x, appear to be very favourable and highly accretive acquisition terms, particularly given the FY25 revenue base of the business was $62.5m.
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