공시 • 19h
Electro Optic Systems Holdings Limited (ASX:EOS) completed the acquisition of MARSS Counter-Drone C2 System Provider from Marine & Remote Sensing Solutions SAM. Electro Optic Systems Holdings Limited (ASX:EOS) has entered into an agreement to acquire MARSS Counter-Drone C2 System Provider from Marine & Remote Sensing Solutions SAM for approximately €170 million on January 11, 2026. The consideration will be paid through Upfront cash payment of €30.5 million (AUD 54 million) payable at completion to the MARSS vendors. Additional contingent consideration of maximum earnout of €100 million is payable under performance rights issued at completion to MARSS management shareholders, only if achieved €500 million of new MARSS orders are secured during the earnout period. The earnout value is €20 million per €100 million of the contract price of certain new MARSS third party contract orders signed before the end of the earnout period, calculated with the total potential earnout capped at €100 million (AUD 174 million), subject to adjustments. The value of new MARSS contract orders excludes uncommitted amounts and certain items beyond three years and is subject to other customary conditions. The earnout consideration is payable in two tranches, (i) for the first tranche, 90 days after completion and (ii) for the second tranche, at the end of the earn-out period. The first tranche of earnout consideration is payable in EOS shares or cash (at the election of the MARSS management shareholders) after the conclusion of the first tranche period, with the cash component capped at €20 million (AUD 35 million). The second tranche of earnout consideration is payable in 23,529,411 EOS shares after the conclusion of the second tranche period. The consideration for the transaction is primarily expected to be funded from EOS’ existing cash reserves. As at 31 December 2025, EOS cash reserves were approximately €65 million. In addition, EOS has secured a commitment to approximately €60.83 million (AUD 100 million) two-year senior secured term loan facility from a subsidiary of Washington H. Soul Pattinson and Company Limited. The agreements for the transaction, which include an asset transfer agreement and a subscription deed for the performance rights, contain customary representations, warranties and undertakings. On May 15, 2026, It was announced that the maximum earnout cap will be increased to €140m (from €100m). This increase in potential acquisition consideration is entirely contingent upon the acquired business achieving new order intake in the period between 12 January 2026 and 12 months from completion. The new contract referred to above is included in the earn out new order intake. The amended terms now split the payment into three tranches (under three classes of performance rights), one at 90 days from completion, one after 270 days from completion and one after the end of the earnout period (May 31, 2027). If sufficient contracts are signed during a tranche period, the entire earnout payment of €140m could be earned in that tranche period (provided that the cap on all earnout payments is €140m).
Completion is subject to customary conditions precedent, including relevant customer, regulatory, export and other approvals, expected during 2026. There is no guarantee that the acquisition of MARSS will be completed. The acquisition of the MARSS business is anticipated to be broadly neutral for earnings and operating cash flow for EOS in 2026 and expected to positively contribute to results from 2027 onwards. The completion of the acquisition is expected in the coming days.
Oaklins acted as financial advisor for Electro Optic Systems Holdings Limited. Hogan Lovells International LLP acted as legal advisor for Electro Optic Systems Holdings Limited. Minter Ellison acted as legal advisor for Electro Optic Systems Holdings Limited. DLA Piper LLP acted as legal advisor for Marine & Remote Sensing Solutions SAM.
Electro Optic Systems Holdings Limited (ASX:EOS) completed the acquisition of MARSS Counter-Drone C2 System Provider from Marine & Remote Sensing Solutions SAM on May 21, 2026. 공시 • May 19
Electro Optic Systems Holdings Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million. Electro Optic Systems Holdings Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,125,000
Price\Range: AUD 8 공시 • Mar 17
Electro Optic Systems Holdings Limited, Annual General Meeting, May 19, 2026 Electro Optic Systems Holdings Limited, Annual General Meeting, May 19, 2026. Location: sydney Australia 공시 • Feb 17
Electro Optic Systems Holdings Limited to Report Fiscal Year 2025 Results on Feb 23, 2026 Electro Optic Systems Holdings Limited announced that they will report fiscal year 2025 results at 10:00 AM, AUS Eastern Standard Time on Feb 23, 2026 Buy Or Sell Opportunity • Jan 02
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €5.79. The fair value is estimated to be €4.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.1%.