TITAN ENVIRONMENTAL SLTN - $TESI STOCK NEWS

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01/16/2024 08:00 AM

News

Titan Environmental Solutions Inc. Announces Agreement to Purchase Standard Waste Services, LLC

Rhea-AI Summary

Titan Environmental Solutions Inc. (TESI) has signed a Membership Interest Purchase Agreement to acquire Standard Waste Services LLC, a waste management company in Detroit. The purchase consideration includes cash and Titan's capital stock, with post-closing adjustments. Standard operates 20 waste collection trucks and services around 1,000 commercial and industrial customers. The acquisition is expected to advance Titan's commercial front-load segment and expand its market presence. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2024.

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OTC:TESI

TESI Rankings

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TESI Stock Data

Market Cap 7.57M

Industry Software Publishers

Sector Information

Country United States of America

About TESI

traqiq, inc. is a global technology company with a suite of products designed to help identify customers, facilitate transactions and fulfill transactions. the company also offers a comprehensive set of services that enable customers to derive the full value of their technology and meet their goals in a dynamic global technology environment. traqiq’s leading-edge fintech and ai solutions have been deployed with leading multi-national customers around the world and are helping increase customer loyalty, improving profitability and driving efficient financial transactions. traqiq has a global presence with offices/customers in asia, north america, africa, and latin america. the leadership and advisory team of the company include people with deep experience running large businesses as well as successful entrepreneurs.