EOS on track to raise $144 million

Space, communications and defence business Electro Optic Systems is well on the way to raising $144 million from investors to shore up its balance sheet during the Covid-19 crisis. The Canberra company successfully completed a $134 million placement to institutional investors at $4.75 a share, a 17.4 per cent discount to the prevailing market price.…

Australian link up for industrial IoT security

By Stuart Corner Nozomi Networks — which specialises in providing security technology across OT and IT networks — has formed a partnership with Australian cyber security specialist Cyber Partners under which Cyber Partners will use Nozomi technology to underpin managed security services for operators of industrial infrastructure. Cyber Partners will offer Nozomi Networks’ full suite…

Amaero in 3D print deal for automotive tooling

Metal additive manufacturing group Amaero International has signed an agreement with a major global automotive manufacturer to jointly develop 3D printed tooling. The Melbourne company said the inclusion of additive-manufactured inserts for tools could decrease the risk of manufacturing defects by adding conformal cooling channels to the design. It said the cost benefits in reducing…

Incitec Pivot to retain fertiliser business

Fertiliser, chemicals and explosives group Incitec Pivot has opted for the status quo after a strategic review of its ownership of Incitec Pivot Fertilisers. The company had been considering a sale or demerger of the business but has now ceased discussions with potential buyers. Incitec Pivot Fertilisers is Australia’s largest supplier of fertilisers, dispatching around…