Quickstep (ASX:QHL) set to buy Boeing Australia Component Repairs - Sequoia Direct Pty Ltd

13NovNovember 13, 2020

Quickstep (ASX:QHL) set to buy Boeing Australia Component Repairs

Quickstep Holdings (ASX:QHL) has agreed to purchase Boeing Defence Australia’s aerospace maintenance, repair and overhaul capability through its wholly-owned subsidiary, Quickstep Aerospace Services.

It will acquire operating assets plus inventories and certain customer contracts for around $2.64 million.

Completion is expected towards the end of 2020 and is subject to Quickstep obtaining the necessary regulatory approvals related to the operation of the facility.

The company expects the acquisition will be earnings per share accretive by year 2.

Shares in Quickstep Holdings (ASX:QHL) are trading 4.94 per cent higher at 9 cents.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

16SepSeptember 16, 2020

Kogan.com (ASX:KGN) report the largest customer increase for August

16 Sep 2020 - Kogan.com (ASX:KGN) reports the largest monthly increase for August in the history of the company.

15DecDecember 15, 2020

MACA (ASX:MLD) to buy Downer EDIs Mining West business

15 Dec 2020 - Contracting group MACA (ASX:MLD) is set to buy Downer EDI’s Mining West business for an acquisition value of $175 million with approximately $30 million from the unwinding of working capital balances.

21FebFebruary 21, 2020

Fisher & Paykel Healthcare (ASX:FPH) update revenue and earnings on strong sales

21 Feb 2020 - Fisher & Paykel Healthcare (ASX:FPH) has updated their revenue and earnings guidance on stronger Hospital and Homecare sales.

12JunJune 12, 2020

Seven Group (ASX:SVW) will not provide market guidance due to uncertainty

12 Jun 2020 - Seven Group Holdings (ASX:SVW) will not provide revised market guidance at this time due to the uncertainty of current and ongoing COVID-19 measures.

23MarMarch 23, 2021

Sigma Healthcare (ASX:SIG) reports NPAT up 133.6%

23 Mar 2021 - Sigma Healthcare (ASX:SIG) report NPAT up 133.6 per cent to $29.1 million.

12DecDecember 12, 2019

Macquarie Group (ASX:MQG) announces S&P ratings upgrade

12 Dec 2019 - S&P Global Ratings have upgraded the long-term issuer credit ratings for Macquarie Group (ASX:MQG), Macquarie Bank (ASX:MBL) and other Macquarie entities.

19OctOctober 19, 2023

Stocks of the Hour: Terrain Minerals, Superior Resources, Strickland Metals

19 Oct 2023 - A snapshot of the stocks on the move, featuring Terrain Minerals (ASX:TMX), Superior Resources (ASX:SPQ) and Strickland Metals (ASX:STK).

23MarMarch 23, 2020

Fortescue Metals Group (ASX:FMG) work with WA government on border controls

23 Mar 2020 - Fortescue Metals Group (ASX:FMG) says the Western Australian state government has advised that there will be exemptions for the strict border controls due to come in tomorrow.

19SepSeptember 19, 2021

Stocks of the Hour: Iress, Cimic & Medibank

17 Sep 2021 - A snapshot of stocks on the move, featuring Iress (ASX:IRE), Cimic (ASX:CIM) & Medibank (ASX:MPL).

15FebFebruary 15, 2020

Centuria Capital Group (ASX:CNI) settles Paramatta office tower

14 Feb 2020 - Centuria Capital Group (ASX:CNI) says their subsidiary, Centuria Property Funds has settled Parramatta office tower for $105.3 million, following the completion of the closed-ended fund’s five-year term.