Jul 16, 2026 – 4.27pmMelbourne’s Acorn Capital has fished out a buyer for Dredge Robotics, which helps BHP and Rio Tinto maintain critical water infrastructure such as ponds and tanks and expects to make $30 million in revenue in the 2026 financial year.Dredge Robotics’ technology is used in ponds, process tanks and potable tanks. GettySarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Acorn Capital sells Dredge Robotics stake to Perth family office
Verona Capital is the family office of Craig Burton, and is understood to have syndicated its circa 75 per cent stake to investors.
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