XRF Scientific Limited (AU:XRF) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
XRF Scientific Limited has successfully completed its acquisition of Labfit Pty Ltd for $1.16 million, strengthening its position in the market for laboratory equipment. The acquisition was funded through a combination of cash reserves and XRF shares, marking a strategic move to enhance its offerings with Labfit’s expertise in Carbon Sulphur and pH Analysers. This expansion is expected to bolster XRF’s capabilities in serving its blue-chip customer base, including major players in mining and industrial production.
For further insights into AU:XRF stock, check out TipRanks’ Stock Analysis page.