Duratec (ASX:DUR) acquired 100% of the shares in AMD Electrical, trading as EIG Australia, from the shareholders of EIG for up to AU$9 million, according to a Friday Australian bourse filing.
The transaction includes an upfront cash payment of AU$4.6 million and the issuance of AU$650,000 worth of Duratec shares at a deemed issue price of AU$1.439 per share, the filing said.
An additional earn-out component of up to AU$3.8 million is also included in the deal, payable in July 2027, and is contingent on the achievement of a combined earnings before interest, taxes, depreciation, and amortization (EBITDA) target of AU$4.4 million across fiscal 2026 and 2027.
EIG expects fiscal 2026 revenue of AU$14 million and EBITDA of AU$2.3 million, per the filing.
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