◂ Announcements

Jul 5, 2019ACQUISITIONAustralia

ERM Power acquires 50% stake in Alliance Automation for AUD 8.1M

ERM Power Limited agreed to acquire a 50% stake in Alliance Automation for AUD 8.1 million on July 5, 2019. The transaction was financed from existing facilities and completed on the same day.

Value

$5.60M (8.10M AUD)

Status

Completed

Productsautomation services

CompaniesERM Power Limited acquirer Alliance Automation target

Sectors#Automation and Robotics

“The transaction will be immediately EPS accretive and complement ERM Power's Energy Solutions capability and strategy.”marketscreener.com

1 source
marketscreener.comERM Power Limited agreed to acquire 50% stake in Alliance Automation for AUD 8.1 million.MarketScreenerJul 4, 2019

Summarized from public sources; check the original articles before acting on it.

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