Perth-based water services company Vysarn announces it will acquire Welltech, a rival WA water services group, in a deal reported at about $60 million. Multiple outlets say the acquisition is part of Vysarn’s broader expansion through a series of purchases in recent weeks. One report characterizes the Welltech transaction as Vysarn’s second acquisition within a six-week period. Another source says Vysarn is raising about $65.3 million to help fund the Welltech purchase.
The reporting also notes that Vysarn has already completed another acquisition shortly before the Welltech announcement. That prior deal is described as a $25 million agreement to buy NWG Enterprises, which Vysarn completes before moving to the Welltech transaction. Taken together, the articles outline a short timeline of acquisitions and concurrent funding efforts to support the company’s growth in the water services sector.
All sources describe the Welltech purchase as Vysarn’s latest expansion step, supported by capital raising, following a recently completed acquisition.
