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An announcement from De.mem Ltd. ( (AU:DEM) ) is now available.
De.mem Ltd has acquired Core Chemicals Pty Ltd, a specialty chemicals supplier to the gold mining sector in Western Australia, for approximately $3 million. This strategic acquisition is expected to enhance De.mem’s market presence in the surging gold mining sector, offering significant revenue synergies and growth opportunities. The acquisition will allow De.mem to expand its client base and product offerings, leveraging the strong bull market in gold prices. The combined operations are projected to yield a pro-forma EBITDA of $1.6 million, with additional cost savings anticipated through operational integration.
More about De.mem Ltd.
De.mem Ltd is a leading provider of decentralized water and wastewater treatment solutions, operating across Australia and globally.
Average Trading Volume: 141,152
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$28.17M
Learn more about DEM stock on TipRanks’ Stock Analysis page.