Ambertech Completed Equity Raising to Acquire Hills Audio Visual

  • Nov 08, 2019 AEDT
  • Team Kalkine

Ambertech Limited (ASX: AMO) has completed the funding arrangement to acquire Hills Audio Visual (HAV), by way of a two-tranche placement and underwritten Share Purchase Plan (SPP).

  • HAV has exclusive distribution agreements with operating agencies across Australia and New Zealand;
  • The combined group is expected to report FY20 revenues of approximately $70-$75 million and EBIT of approximately $2.5 to $3.5 million, before the costs of acquisition;
  • This acquisition is EPS accretive.

At AEST 01:28 PM, the stock was trading at $0.115 per share, up by 4.545% from its previous close.


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