About the Business

FY25 Revenue of $22.3 million, supported by a high-quality revenue mix with 48% recurring income and an installed base of over 10,000 connected fleet assets.

Scaled Australian industrial technology platform combining fleet safety, telematics, IoT-enabled software and electronics manufacturing, servicing blue-chip customers across mining, transport and industrial sectors.

The business operates an integrated end-to-end model (design → manufacture → deploy → maintain), driving strong customer embeddedness, repeat revenue and long-term contractual relationships. Growth has been underpinned by continued expansion of the installed base and increasing penetration of recurring software and data services.

Key Highlights
- High-Quality Recurring Revenue Profile: 48% subscription-based revenue supported by a growing installed base, driving visibility and annuity-style income
- Installed Base Driving Embedded Growth: 10,000+ connected assets providing a platform for ongoing recurring revenue expansion and operating leverage
- Blue-Chip, Repeat Customer Base: Longstanding Tier-1 relationships across mining, transport and industrial sectors
- Integrated Platform Driving Competitive Advantage: End-to-end capability across engineering, manufacturing, deployment and maintenance enables delivery of complex, high-value solutions
- Management-Led, Scalable Operations: Experienced executive team and functional leaders oversee day-to-day operations, reducing reliance on ownership and supporting continuity
- Clear Value Creation Levers: Expansion of connected assets, increased software penetration, new product rollout and geographic growth across Australia and APAC

FY25 Financial Snapshot: Revenue $22.3m | EBITDA $3.1m

Investment Opportunity: Acquire a scalable, technology-enabled platform with increasing recurring revenue, strong customer embeddedness and a clear pathway to margin expansion and growth across Australia and APAC.