28th April 2025 Highlights • Hansen has agreed to acquire key software applications from CONUTI GmbH, a longstanding partner of powercloud, for up to EUR 7.5m (approximately A$13.4m) • The acquisition strengthens Hansen’s position in the German market and brings strategic assets in-house, aligning with Hansen’s long-term growth and integration strategy • The transaction is expected to be earnings accretive, delivering FY26 revenues of approximately A$3-4m and EBITDA of A$2m post synergies. The acquisition is not expected to have a material impact on Hansen’s FY25 results
Hansen Technologies Ltd (ASX: HSN), a leading global provider of software and services to the Energy & Utilities and Communications & Media industries, is pleased to announce it has entered into an Asset and License Purchase Agreement to acquire complementary software licences and assets from CONUTI GmbH for total consideration of up to EUR 7.5m (approximately A$13.4m). CONUTI GmbH is a long-term partner of powercloud, which was acquired by Hansen in February 2024. This acquisition brings several strategic capabilities in-house, including a German compliant market messaging solution, a data analytics platform, and other complementary applications, which are already integrated with powercloud and operational with existing customers in the German market.
The transaction will be financed through a combination of current cash reserves and a drawdown from Hansen’s existing debt facility and is subject to certain closing conditions that will be fulfilled in the coming months
HSN Price at posting:
$5.23 Sentiment: Buy Disclosure: Held
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