Forum Topics EOS EOS Small Acquisition

Pinned straw:

Added 2 months ago

Discl: Held IRL 7.90%

EOS just released news of its acquisition of a UK-based “Interceptor” business from MARSS Group.

This acquisition makes good sense.

  • A$10m - no stress to the cashed-up EOS balance sheet
  • Expects 12-24M of further development before full commercial launch - faster and lower risk than in-house development
  • Further investment of up to A$10m over the next 3 years, with potential for customer development funding - this is nothing BAU money, really
  • The Strategic Rationale is very much aligned to EOS’ overall strategy which Andreas has been very clear and consistent about


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Scot1963
Added a month ago

I think a good and necessary step towards the EOS business opportunities in Europe. Whilst the UK is offshore Eu these days post brexit they maintain strong links nevertheless. And given the EU have passed recent guidance promoting domestic manufacture of defence equipment, the UK is currently negotiating access for its defence manufacturers into this rapidly growing and increasing heavily invested sector. EOS having an on the ground presence gets them an entry ticket to the dance. I suspect more partnering and investment in this fashion to come.

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