RWC to acquire Holman Industries for $160 million

Plumbing solutions company Reliance Worldwide Corporation has announced that it has entered into an agreement to purchase Holman Industries for $160 million ($US 105 million), a seven times multiple on Holman’s EBITDA for the last 12 months.  Holman is a Perth-headquartered, family-owned manufacturer and distributor of branded plumbing and watering products, sold through retail and…

Details

ClearVue achieves fire safe certification for solar glazing unit

Perth-based building-integrated photovoltaics (BIPV) company ClearVue Technologies has achieved fire safe certification for buildings over 18 metres tall and in high-risk environments, In a statement on Tuesday, the company said their solar glazing unit was certified under “stringent classifications for non-combustibility, little or no smoke propagation, and no flaming droplets” by TÜV SÜD under the…

Details

Diraq raises $23m for quantum computing development

Sydney-based quantum computing startup Diraq has completed a Series A-2 capital raise of $29 million (US$15m) to advance the company’s R&D initiatives to realise the full potential of quantum computing. The funding for Diraq, a leader in quantum computing based on silicon quantum dots, was led by Paris-based specialist investor Quantonation with participation from John…

Details

$51 million for CRC-P industry research collaborations

The federal government has committed $51 million to support collaboration between industry and researchers under Round 15 of the Cooperative Research Centres Projects (CRC-P). The 21 grants support industry-led projects with promising commercial potential that solve a wide range of community and economic challenges, from diagnosing life-threatening infections more quickly to innovative environmental recycling processes.…

Details