Acquisition of PWR-X Ltd

Summary by AI BETAClose X

Renew Holdings plc, through its subsidiary Excalon Limited, has acquired PWR-X Ltd for a total consideration of £1.1 million on a cash and debt free basis, enhancing its capabilities in the high voltage power market with specialist cable jointing services. The initial cash payment of £0.75 million was funded from existing banking facilities, and Renew continues to explore further strategic acquisitions.

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