Australia's Dicker Data hits 5-year high on Sektor Group acquisition

Dicker Data

07/10/2026 01:13

** Shares of Australia's Dicker Data DDR.AX rise as much as 4.8% to A$16.32, their highest level since August 2021
** Stock marks its biggest intraday pct gain since August 28
** Technology hardware distributor said after market hours on Tuesday that it would acquire New Zealand-based technology distributor Sektor Group for NZ$138 million ($77.58 million)
** Acquisition to establish direct operational presence in Thailand and Malaysia and expand its exposure to cybersecurity, physical security and enterprise mobility solutions
** Co expects the acquisition to be earnings-accretive in FY26, excluding one-off transaction and integration costs
** Stock up 58.1% YTD, including the day's moves

($1 = 1.7787 New Zealand dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))