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Korvest Ltd Acquires Power Step (Australia) Pty Ltd And Titan Technologies (SE Asia) Pty Ltd


Wednesday, 20 Feb 2013 07:50pm EST 

Korvest Ltd announced that it has entered into a sale agreement to acquire all of the shares in the related companies Power Step (Australia) Pty Ltd and Titan Technologies (SE Asia) Pty Ltd. The acquisition price is AUD 4.85 million subject to the normal completion adjustments for a transaction of this type. Completion is expected to occur on February 28, 2013 with the acquisition to be cash funded. Power Step's primary business is the design, fabrication and supply of safety access systems to mobile equipment or fixed structures. Titan Technologies supplies specialized tools in the form of torque wrenches, hydraulic pumps and related accessories. 

Company Quote

4.75
0.03 +0.64%
24 Dec 2014