Vivopower International Plc (VVPR) has released an update.
VivoPower International PLC has announced the sale of its Australian critical power business unit, Kenshaw, to ARA Group Limited for approximately A$5.0 million, aligning with its strategy to concentrate on high-growth businesses such as Tembo. The sale is set to be finalized by July 1, 2024, with the deal advised by STS Capital Partners. VivoPower, a global sustainable energy solutions provider, is streamlining its operations to focus on delivering turnkey decarbonisation solutions and advancing towards a net-zero carbon footprint.
For further insights into VVPR stock, check out TipRanks’ Stock Analysis page.
