M&A
company-announcements.afr.com
ASX Announcement 31 July 2026 SERVICE STREAM COMPLETES RiE GROUP ACQUISITION
What happened
Service Stream Limited has completed its acquisition of RiE Group Pty Ltd, a specialist high-voltage electrical and instrumentation business operating in oil and gas, power generation, and renewable sectors. The deal was announced on May 25, 2026, and settlement took place on July 31, 2026, after all conditions precedent were satisfied. Service Stream said the acquisition expands its reach into these energy-related infrastructure markets. RiE Group's operations will now be integrated into Service Stream's network services operations. The company has a workforce of approximately 5,000 employees and access to around 10,000 specialist contractors.
Why this matters
The completion of this deal is significant for Service Stream shareholders, as it confirms the acquisition and integration of RiE Group's business. It also broadens Service Stream's exposure to specialized electrical and instrumentation work in multiple energy sub-sectors.
What to watch
Investors may be watching how RiE Group integrates into Service Stream's network services operations and whether this expansion leads to increased revenue and growth for the company.
company-announcements.afr.com
Scalare Partners Holdings Limited 1 ASX Release SCALARE COMPLETES FISHBURNERS ACQUISITION AND STRENGTHENS BALANCE SHEET FOR THE
What happened
Scalare Partners Holdings Limited has completed the acquisition of Fishburners, a well-known Australian startup accelerator and co-working space provider. This move strengthens Scalare's presence in the Australian tech ecosystem and expands its network of innovative companies. The acquisition is also expected to boost Scalare's balance sheet through the addition of new assets and revenue streams.
Why this matters
The acquisition has significant implications for Australia's startup scene, as it could lead to increased investment and support for emerging technology ventures.
What to watch
Scalare Partners Holdings Limited's next move will be to integrate Fishburners' operations into its existing business, including potential synergies between Scalare's investment portfolio and Fishburners' startup network, which is expected to be announced in the company's upcoming quarterly earnings report.