Highlights:

  • Shaw and Partners issued a Buy rating with a price target of AUD 7.60.
  • Moelis Australia Securities reiterated a Buy rating with a target of AUD 6.60.
  • Hansen announced the acquisition of Digitalk Group Holdings Ltd for AUD 66.4 million.

Hansen Technologies Limited (ASX:HSN), a global provider of industry-specific software solutions, received positive analyst coverage following its recent strategic expansion announcement. Shaw and Partners has issued a Buy rating on the company with a price target of AUD 7.60, while Moelis Australia Securities has also maintained a Buy rating, setting a target price of AUD 6.60.

Hansen Expands Global Footprint with Digitalk Acquisition

On 5 November 2025, Hansen Technologies announced it had entered into a binding agreement to acquire 100% of Digitalk Group Holdings Ltd, a UK-based provider of Mobile Virtual Network Operator (MVNO) and carrier-grade communication platforms.

The enterprise value of the acquisition is GBP 33.1 million (approximately AUD 66.4 million), subject to standard completion adjustments. The transaction will be funded through a mix of existing cash reserves and debt facilities and is expected to close by the end of the 2025 calendar year, pending regulatory approvals.

Digitalk currently serves around 150 customers across 30 countries, with solutions that align closely with Hansen’s Global Communications Suite. The acquisition is designed to enhance Hansen’s portfolio through integration and cross-selling opportunities, and it is anticipated to be immediately accretive to adjusted earnings per share (EPSa), supported by recurring revenue streams and established profitability.

FY25 Performance

In the year ended 30 June 2025 (FY25), the company delivered earnings growth and maintained financial discipline, supported by steady progress across strategic initiatives. Hansen’s core verticals — Energy & Utilities and Communications & Media — continued to demonstrate stability amid ongoing global transformation driven by decarbonisation, digitalisation, electrification, and 5G expansion. Revenue grew 11.2% year-on-year, while underlying EBITDA and Cash EBITDA rose 20.9% and 21.5%, respectively.

Outlook: Positioning for Sustained Growth in FY26

As Hansen enters FY26, the company remains positioned for consistent growth with a foundation of recurring revenues, low leverage, and an expanding global client base. It continues to benefit from structural changes across the Energy & Utilities and Communications & Media sectors — areas undergoing increased digitalisation, regulatory evolution, and infrastructure modernisation.

Hansen’s strategic focus areas include further investments in AI-driven innovations, enhanced R&D initiatives, and improved operational efficiency. The company is targeting organic revenue growth of 5–7% over the medium term, alongside an underlying EBITDA margin of 30% or above through disciplined cost management.