Vysarn Limited (ASX:VYS) has acquired Waste Water Services Pty Ltd for a cash consideration of $7.50 million. The acquisition represents over 20% EPS accretive acquisition and is funded by existing cash and debt. Waste Water Services, a market leader in designing, manufacturing, installing, and maintaining wastewater and potable treatment plants, has been operating for over 25 years with a large manufacturing facility in Perth, Western Australia. The acquisition includes the business operations, contracts, tangible assets, working capital, intellectual property, transferring employees, goodwill, and sufficient inventory to support ongoing operations. Waste Water Services' highly experienced management team will join Vysarn.
The acquisition of Waste Water Services Pty Ltd aligns with Vysarn's strategy to vertically integrate and diversify its revenue streams. We are excited about the growth opportunities presented by Waste Water Services' established brand, validated technologies, and tier-1 clients. The acquisition is expected to be earnings accretive, enhancing our EPS by over 20%. Additionally, the FY24 results reflect our strong year-on-year growth, with NPBT increasing from $1.10 million in FY21 to $11.06 million in FY24. We anticipate continued growth in FY25, supported by our robust balance sheet, net cash position, and a $30.0 million NAB acquisition facility. The joint resource agreement with the Kariyarra Aboriginal Corporation and the pursuit of ESG opportunities further demonstrate our commitment to responsible water and environmental management.
Vysarn Limited (ASX:VYS) has successfully acquired Waste Water Services Pty Ltd for $7.50 million, marking a significant step in its vertical integration strategy. The acquisition is expected to contribute to Vysarn's earnings and provide a platform for national growth. The FY24 results demonstrate strong year-on-year growth, with NPBT reaching $11.06 million. Vysarn's outlook for FY25 includes organic growth initiatives, potential earnings accretive acquisitions, and the execution of its strategy to unlock significant value from large-scale sustainable water sources. The company remains focused on responsible water and environmental management, aiming to make a positive difference in the industry.