VivoPower Advances US$180 Million Non-Binding Takeover with Successful Completion of First Phase of Due Diligence
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) ha completato con successo la Fase I della due diligence per un potenziale acquisto proporzionale non vincolante da 180 milioni di dollari da parte di Energi Holdings Limited. Energi, azienda globale di soluzioni energetiche con sede ad Abu Dhabi e con ricavi annui di 1 miliardo di dollari, ha concluso le revisioni iniziali commerciali, finanziarie e operative nei tempi previsti.
Le società hanno concordato di procedere con una due diligence accelerata di Fase II, concentrandosi su aspetti regolatori, legali e tecnici, con completamento previsto entro il 2 giugno 2025. Entrambe le parti continuano a lavorare per raggiungere un accordo vincolante. Le operazioni di Energi coprono Medio Oriente, Africa, Sud Asia, Europa e Sud-est asiatico.
VivoPower International PLC (NASDAQ: VVPR) ha completado con éxito la Fase I de la debida diligencia para una posible adquisición proporcional no vinculante de 180 millones de dólares por parte de Energi Holdings Limited. Energi, una empresa global de soluciones energéticas con sede en Abu Dhabi y con ingresos anuales de 1.000 millones de dólares, ha concluido las revisiones iniciales comerciales, financieras y operativas según lo programado.
Las compañías han acordado avanzar con una debida diligencia acelerada de Fase II, centrada en aspectos regulatorios, legales y técnicos, con finalización prevista para el 2 de junio de 2025. Ambas partes continúan trabajando para alcanzar un acuerdo vinculante. Las operaciones de Energi abarcan Medio Oriente, África, Asia del Sur, Europa y el Sudeste Asiático.
VivoPower International PLC (NASDAQ: VVPR)는 Energi Holdings Limited의 잠재적인 1억 8천만 달러 비구속 비례 인수를 위한 1단계 실사를 성공적으로 완료했습니다. 아부다비에 본사를 둔 글로벌 에너지 솔루션 기업인 Energi는 연간 매출 10억 달러를 기록하며 예정대로 초기 상업적, 재무적, 운영적 검토를 마쳤습니다.
양사는 규제, 법률 및 기술 문제에 중점을 둔 가속화된 2단계 실사를 진행하기로 합의했으며, 완료 예정일은 2025년 6월 2일입니다. 양측은 구속력 있는 합의 도출을 위해 계속 협력하고 있습니다. Energi의 사업은 중동, 아프리카, 남아시아, 유럽 및 동남아시아에 걸쳐 있습니다.
VivoPower International PLC (NASDAQ : VVPR) a réussi à achever la phase I de la due diligence pour une éventuelle offre de rachat proportionnelle non contraignante de 180 millions de dollars par Energi Holdings Limited. Energi, une entreprise mondiale de solutions énergétiques basée à Abu Dhabi, avec un chiffre d'affaires annuel d'un milliard de dollars, a terminé les examens commerciaux, financiers et opérationnels initiaux dans les délais prévus.
Les deux sociétés ont convenu de poursuivre une due diligence accélérée de phase II, axée sur les aspects réglementaires, juridiques et techniques, dont l'achèvement est prévu pour le 2 juin 2025. Les deux parties continuent de travailler à la conclusion d'un accord contraignant. Les activités d'Energi s'étendent au Moyen-Orient, en Afrique, en Asie du Sud, en Europe et en Asie du Sud-Est.
VivoPower International PLC (NASDAQ: VVPR) hat die Phase-I-Due-Diligence für eine potenzielle nicht verbindliche proportionale Übernahme in Höhe von 180 Millionen US-Dollar durch Energi Holdings Limited erfolgreich abgeschlossen. Energi, ein globales Energieunternehmen mit Sitz in Abu Dhabi und einem Jahresumsatz von 1 Milliarde US-Dollar, hat die ersten kommerziellen, finanziellen und operativen Prüfungen planmäßig abgeschlossen.
Die Unternehmen haben vereinbart, mit einer beschleunigten Phase-II-Due-Diligence fortzufahren, die sich auf regulatorische, rechtliche und technische Aspekte konzentriert und bis zum 2. Juni 2025 abgeschlossen sein soll. Beide Parteien arbeiten weiterhin darauf hin, eine verbindliche Vereinbarung zu erzielen. Energis Aktivitäten erstrecken sich über den Nahen Osten, Afrika, Südasien, Europa und Südostasien.
- Successful completion of Phase I due diligence on schedule indicates deal progress
- Potential takeover values company at US$180 million enterprise value
- Acquirer Energi is a well-established company with US$1 billion in annual revenues
- Both parties agreed to accelerate Phase II due diligence, showing mutual interest
- Deal remains non-binding with no guarantee of completion
- Further due diligence and regulatory approvals still required
Phase I due diligence successfully completed on schedule; Phase II of due diligence to be completed by 2 June 2025
LONDON, May 08, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) today announced that Energi Holdings Limited (“Energi”) has advised the Company of the successful completion of the first phase of due diligence in connection with the previously disclosed non-binding proportional takeover at an enterprise value of US
Energi, headquartered in Abu Dhabi, is a global energy solutions company with US
The first phase of due diligence, which involved commercial, financial, and operational reviews, was completed successfully on schedule.
Consequently, both parties have agreed to an accelerated second phase of due diligence, which will include a more in-depth review of regulatory, legal, and technical matters. This phase is expected to conclude by 2 June 2025, with both parties continuing to work constructively toward the goal of a binding agreement.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
Forward-Looking Statements
This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.
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