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Verditek Plc ( (GB:EARN) ) just unveiled an announcement.
EARNZ plc has announced its intention to acquire A&D Carbon Solutions LTD, a company specializing in decarbonization solutions, for up to £2.8 million. The acquisition will be funded through a share placing expected to raise £1.02 million, and is aimed at expanding EARNZ’s service offerings and enhancing earnings potential. The acquisition will also provide cross-selling opportunities within EARNZ’s existing portfolio and is expected to be earnings enhancing. Additionally, there are significant changes in the company’s leadership, with Peter Smith set to become the new Group CEO.
More about Verditek Plc
EARNZ plc is an energy services company focused on capitalizing on the global decarbonization drive. The company provides solutions aimed at improving energy efficiency, particularly in residential properties, through services such as external wall insulation, cavity wall insulation, air source heat pumps, and solar panels.
Average Trading Volume: 65,219
Technical Sentiment Signal: Sell
Current Market Cap: £3.27M
Learn more about EARN stock on TipRanks’ Stock Analysis page.