4 stories mentioning ASX:SSMUpdated 34d ago
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Service Stream (ASX:SSM) said Pinnacle Investment Management Group (ASX:PNI) boosted its voting power in the firm to 6.22% from 5.19% as of May 28, according to a Tuesday Australian bourse filing.Pinnacle Investment now holds 38.5 million shares of the firm.
Service Stream (ASX:SSM) has agreed to acquire Queensland-based RIE Group, subject to customary conditions precedent, according to a Monday Australian bourse filing.The deal includes an upfront payment of AU$6.5 million, subject to net working capital adjustments plus a possible earn-out of up to AU$1.5 million if fiscal year 2027 targets are achieved, per the filing.The acquisition aligns with the company's strategy to broaden its addressable market and expand its regional presence, with completion anticipated around August, the filing added.The company's shares fell 1% in recent Monday trade.
Service Stream (ASX:SSM) has secured new agreements worth AU$455 million across the utility sector, including a nine-year contract with Yarra Valley Water valued at about AU$405 million and two contracts with Millmerran Operating Company worth a combined AU$50 million over three years, according to a Monday Australian bourse filing.Mobilization for the Yarra Valley Water contract is set to start immediately, with operations due to commence in October, the filing added.The Millmerran contracts will support the delivery of major and forced outage works at the 425-megawatt power station in Queensland, including mechanical inspections, testing, overhaul, and repair activities on the boiler and balance of plant, the filing added.The company's shares rose 4% in recent Monday trade.
Service Stream (ASX:SSM) said Dimensional Entities has ceased to be a substantial holder in the company on May 8, according to a Wednesday Australian bourse filing.
