VivoPower PLC reports company developments tied to its AI data center infrastructure, Power-to-X platform and powered land assets. Recurring announcements cover data center asset activity, reserve-market demand response at the Mo i Rana, Norway site, conference presentations and updates on the company's sovereign AI compute infrastructure strategy.
Company news also covers capital-structure actions, including share conversion matters and registration-statement changes, as well as governance and advisory council updates, material agreements, shareholder voting matters, operating results and financial results.
VivoPower (NASDAQ: VVPR) has received a revised non-binding proposal from Energi Holdings to acquire a 51% controlling stake in its subsidiary, Tembo e-LV. The proposal values Tembo at a total enterprise value of US$200 million, an increase from the previous offer of US$180 million for 80% of VivoPower's non-affiliated shares.
Energi supports Tembo's planned business combination with Cactus Acquisition Corp 1 Limited (CCTS) at an equity valuation of US$838 million. If the deal proceeds, Energi would roll its 51% stake into the combined entity, while VivoPower would retain a significant shareholding. The company plans to use net proceeds primarily for debt retirement, with potential surplus funds being returned to shareholders.
The proposal remains subject to due diligence, definitive legal documentation, board approval, and shareholder approvals.VivoPower International PLC (NASDAQ: VVPR) has successfully completed Phase I due diligence for a potential US$180 million non-binding proportional takeover by Energi Holdings Limited. Energi, an Abu Dhabi-based global energy solutions company with US$1 billion in annual revenues, has concluded the initial commercial, financial, and operational reviews on schedule.
The companies have agreed to proceed with an accelerated Phase II due diligence, focusing on regulatory, legal, and technical matters, scheduled to complete by June 2, 2025. Both parties continue working towards reaching a binding agreement. Energi's operations span across the Middle East, Africa, South Asia, Europe, and Southeast Asia.
VivoPower International PLC (NASDAQ: VVPR) has announced that its subsidiary, Tembo e-LV, has secured an order for EV conversion kits from The Safari Collection, a luxury safari company in Kenya. The Safari Collection, established in 2009 by Tanya and Mikey Carr-Hartley, owns prestigious properties including Giraffe Manor, Sasaab, Sala's Camp, and Solio Lodge.
This marks Tembo's second order from an African safari company, following Asilia Africa's order in February 2025. The Safari Collection chose Tembo's solutions after evaluating alternatives, citing superior technology and cost-effectiveness. The partnership aims to electrify their safari vehicle fleet, aligning with the company's commitment to sustainable environmental practices and conservation efforts in Kenya.
VivoPower International PLC (Nasdaq: VVPR) has provided clarification regarding a proportional takeover offer from Energi Holdings . The proposal involves a partial buyout where shareholders would sell 8 out of every 10 shares they own at a future record date.
The offer price per share will be calculated by subtracting net debt from US$180 million (enterprise value), divided by the number of eligible ordinary shares at the time. The takeover offer remains subject to satisfactory completion of ongoing due diligence.
VivoPower International (Nasdaq: VVPR) has announced that its subsidiary, Tembo e-LV, has signed a Definitive Distribution Agreement with Saudi Arabian company Green Watt, valued at up to US$85 million. The agreement involves the sale and distribution of 1,600 Tembo electric utility vehicle (EUV) units across Saudi Arabia over the next five years.
Green Watt, established in 2016, specializes in renewable energy and environmental sustainability solutions. Their customer base includes major companies like Aramco, Halliburton, Saudi Electric Company, Honeywell, and Baker Hughes. The partnership aims to advance sustainable energy solutions in Saudi Arabia, targeting the significant market for electrifying ruggedized utility vehicles, particularly the Land Cruiser 70 series used in law enforcement, government agencies, and industrial sectors.