Ecosave Holdings Ltd Acquires DVLA Inc For AUD4.5 million

Ecosave Holdings Ltd announced it has entered into a Sale and Purchase Agreement (Agreement) to acquire 100% of DVL Automation Inc (DVLA), a US based provider of Building Management Systems (BMS) and associated energy efficiency solutions. Total consideration to be paid for DVLA is AUD4.5 million. The acquisition will be funded through ECV’s existing cash reserves, the issue of ECV shares and vendor finance.