BUZZ-Australia's Verbrec hits over 4-year high after acquiring automation firm

Reuters

2025/11/05

** Shares of Australia's Verbrec VBC.AX rise as much as 56.5% to A$0.18, their highest level since July 22, 2021

** Stock set for best session ever

** Diversified service provider says it will buy Alliance Automation and its unit DLM Automation from Telstra TLS.AX for A$5.5 mln ($3.57 mln)

** Alliance Automation is an independent provider of digital transformation, cyber security and industrial automation integration services

** Says transaction anticipated to add over A$60 mln in annualised revenue

** About 1.5 mln shares change hands, 7.1x the 30-day average

** Stock last up ~17%, flat YTD

($1 = 1.5389 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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11:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Verbrec hits over 4-year high after acquiring automation firm</title></head><body><p>** Shares of Australia's Verbrec <span>VBC.AX</span> rise as much as 56.5% to A$0.18, their highest level since July 22, 2021</p><p>** Stock set for best session ever</p><p>** Diversified service provider <span>says</span> it will buy Alliance Automation and its unit DLM Automation from Telstra <span>TLS.AX</span> for A$5.5 mln ($3.57 mln) </p><p>** Alliance Automation is an independent provider of digital transformation, cyber security and industrial automation integration services</p><p>** Says transaction anticipated to add over A$60 mln in annualised revenue</p><p>** About 1.5 mln shares change hands, 7.1x the 30-day average</p><p>** Stock last up ~17%, flat YTD</p><p>($1 = 1.5389 Australian dollars)</p><p> (Reporting by Sneha Kumar in Bengaluru)</p><p> 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