GCICohort: Equity Development
has announced a conditional sale and purchase agreement to acquire EM Solutions Pty Ltd., owner of EM Solutions (Europe) B.V., from Electro Optic Systems Holdings Ltd., for an enterprise value of AUS$144.0m, c.£75.0m This is Cohort’s largest acquisition to date. The purchase will be funded from Group cash resources, debt facility plus a share placing, and is expected to be EPS-accretive from FY25/26. For Cohort the acquisition adds complementary expertise in satellite communications for global naval and defence applications.
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