Pokie machine manufacturer and online game developer Aristocrat Leisure is making a massive $5 billion play to expand its booming online gambling businesses. The Sydney company is to raise $1.3 billion in new capital to acquire leading online gambling software and content supplier Playtech for $5 billion. The move vastly accelerates its global growth strategy…
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Tasmania’s Lark Distilling Co. is to buy Pontville Distillery and Estate for $40 million, construct a new 1 million litre distillery and accelerate its single malt whisky export operations. The company is raising $53 million through a fully underwritten share placement of $46.5 million and a further non-underwritten conditional placement of $6.4 million. It will…
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Defence prime Rheinmetall has debuted the new Lynx Combat Support Vehicle, designed and made at its Redbank, Queensland MILVEHCOE facility and featuring input from over 100 Australian suppliers.
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Ampcontrol has been awarded twice for ‘Excellence in Product Design’ and ‘Collaboration Partnership’ at the 2021 Hunter Manufacturing Awards. The Boundary Power Solar Cube (main picture), a rapidly deployable Stand-Alone Power System (SAPS) received the accolade for Excellence in Product Design. And Ampcontrol’s collaboration with Steber International and The University of Newcastle to develop a…
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Analysis by Peter Roberts The more time passes since the Prime Minister’s sudden cancelling of our order for French submarines in favour of US or British nuclear ones, the more obvious it is that Australia will never actually acquire them. Not only that, the more time passes the more obvious it is that even if…
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2022 is going to be the year of Polly Waffle Chocolate manufacturer Robern Menz is to reintroduce the Polly Waffle chocolate bar to the market in 2022, following on from their success with the relaunching of the Violet Crumble honeycomb bar. Backed by a $1 million Modernising Manufacturing grant, the Adelaide company is spending $5.2…
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The federal government has awarded a $3.3 million contract to a Brisbane robotics and AI company to develop an unmanned combat vehicle. Announcing the grant to Cyborg Dynamics the minister for defence industry Melissa Price said the weapon would be ‘the likes of which has never been made in Australia’. Cyborg Dynamics’ innovation will integrate…
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Leading prestige winemaker Treasury Wine Estates has all but moved on from the disruptions caused to its businesses by Covid-19 and punitive Chinese trade attacks against Australia. At the company’s annual general meeting this morning chairman Paul Rayner and CEO Tim Ford paid more attention to progress achieved in their new strategy of premiumisation of…
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The Cooperative Research Centres Association will host its Collaborate Innovate 2021 Conference at Parliament House, Canberra next week, examining collaborative innovation and the impact of “covid, climate change, digital transformation and geo-economic volatility.”
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Large-scale additive manufacturing business Titomic has raised $9 million and intends to raise a further $2 million, using the funding to support commercialisation via joint ventures, investing in offshore sales and facilities, and working capital.
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