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An announcement from FOS Capital Ltd ( (AU:FOS) ) is now available.
FOS Capital Ltd, through its subsidiary FOS Lighting Pty Ltd, is set to acquire the street lighting business assets of Aldridge Traffic Systems from Traffic Technologies Ltd for $3.1 million. This acquisition, expected to complete by 20 June 2025, includes plant, equipment, inventory, and intellectual property, and will be funded by a $3.7 million equity raising. The transaction is aimed at restoring and expanding ATS while divesting non-core assets. This strategic move is expected to strengthen FOS’s position in the street lighting market and provide additional working capital for future growth.
More about FOS Capital Ltd
FOS Capital Ltd operates in the lighting industry, primarily through its subsidiary FOS Lighting Pty Ltd. The company focuses on designing, manufacturing, and distributing lighting solutions, with a particular emphasis on street lighting and data-enabled LED road lighting equipment.
Average Trading Volume: 29,315
Technical Sentiment Signal: Buy
See more insights into FOS stock on TipRanks’ Stock Analysis page.