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Company News Summary

Ama Group Provides an Update on Acquisition and Banking Facility

20 Dec 2019  |  10:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Company Update

Ama Group provided an update on acquisition and banking facility. The Group provides the following update on acquisitions. The acquisition pipeline for the Company remains very strong with no upward pressure on acquisition multiples. It currently negotiating acquisition opportunities representing $110m of revenues and in addition to these opportunities, the pipeline the Company evaluating represents over $200m of revenues. It is confident of delivering the previously identified $17m of synergies for the entire FY 2021. To facilitate the acquisition of Capital Smart and ACM Parts and help enable the continued growth of the Group, a new $375m banking facility was implemented with ANZ and NAB in October 2019.

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