Stealth Group Holdings Ltd (ASX:SGI) agreed to acquire Force Technology International Pty Ltd for approximately AUD 9.5 million on June 1, 2024. A one-off outperformance incentive may be payable in cash to the vendors for the FY26 period if Force achieves an EBITDA exceeding AUD 2.5 million. The transaction reflects TEV/EBITDA multiple of 4x. The acquisition is being funded by the allotment of 14,444,903 new SGI shares at a price of AUD 0.2423 per share, equal to AUD 3.5 million The existing working capital finance facilities of Force held with the Commonwealth Bank amounting to approximately AUD 6.0 million on completion, will be assumed by Stealth as part of the consideration. The deal is expected to be completed before June 14, 2024.

Stealth Group Holdings Ltd (ASX:SGI) completed the acquisition of Force Technology International Pty Ltd on June 14, 2024.