SSM to buy Programmed for $975m, targeting ANZ scale and synergies
SSM will acquire Programmed for $975m, funded partly by a $475m equity raise, with $30m annual synergies targeted and closing eyed for around March 2027.
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what happened
According to TradingView, SSM has agreed to buy Programmed for $975 million. The deal is meant to broaden the company's scale and spread its business across end markets in Australia and New Zealand.
Funding will come from a $475 million equity raise, debt and cash on hand. Management forecasts EPS-A accretion above 20% including $30 million of annual synergies.
The closing is targeted for roughly 1 March 2027, pending clearance from the ACCC.
why it matters
For investors, the key points are deal size and financing structure. The $475 million equity raise means dilution for existing shareholders, while borrowing adds to leverage. The $30 million in yearly synergies is targeted within 36 months, so benefits will arrive gradually. Closing also depends on the ACCC, adding uncertainty to timing and terms.
market impact
SSM shares: large acquisition with equity raise reshapes the company's capital structure
tags
instruments
sources
- SSM: Programmed deal adds ANZ scale, with $30m annual synergies targeted within 36 months — TradingView, 8 November 2026 at 22:32 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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