# 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.

- Type: Acquisition
- Announced: 2019-07-05
- Where: Australia
- Value: $5.60M (8.10M AUD)
- Status: completed
- Products: automation services
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [ERM Power Limited](https://endata.com/companies/40466.md) (acquirer)
- [Alliance Automation](https://endata.com/companies/40467.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ERM-POWER-LIMITED-8841942/news/ERM-Power-Limited-agreed-to-acquire-50-stake-in-Alliance-Automation-for-AUD-8-1-million-34238430/), 2019-07-04: "The transaction will be immediately EPS accretive and complement ERM Power's Energy Solutions capability and strategy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.