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The latest announcement is out from Volt Power Group Ltd ( (AU:VPR) ).
Volt Power Group Ltd has announced the acquisition of 4D Delta, a Perth-based leader in digital asset inspection technology and condition monitoring solutions for the mineral processing sector. This strategic acquisition is expected to transform Volt into a more diversified technology-enabled services company, enhancing its market position in the resources sector. The acquisition will be funded through a combination of cash and Volt shares, with additional contingent payments based on performance. This move is anticipated to increase Volt’s exposure to the growing fixed plant maintenance sector and strengthen its long-term client relationships, including those with major industry players like Rio Tinto and BHP.
More about Volt Power Group Ltd
Volt Power Group Ltd operates in the technology sector, focusing on providing technology-enabled products and services to the resources industry. The company is expanding its market focus through strategic acquisitions to enhance its offerings in digital asset inspection and condition monitoring solutions.
Average Trading Volume: 64,273
Technical Sentiment Signal: Sell
Current Market Cap: A$15.54M
Find detailed analytics on VPR stock on TipRanks’ Stock Analysis page.