VivoPower Confirms Continuation of Proposed US$180 Million Takeover Process: US Tariffs Not Expected to Affect Tembo Business
Rhea-AI Summary
VivoPower International PLC (NASDAQ: VVPR) and Energi Holdings are advancing to the exclusive due diligence phase of a proposed US$180 million takeover. The all-cash offer, made by Energi in March, targets all non-affiliated free float shares at a premium to market price.
Energi Holdings, an Abu Dhabi-based energy solutions company founded in 2014 with US$1 billion in revenues, operates across the Middle East, Africa, South Asia, Europe, and Southeast Asia.
Additionally, VivoPower management has assessed the recently proposed US tariffs announced by President Trump and concluded they will not negatively impact the Tembo electric vehicle business. This is primarily because Tembo's strategy focuses on markets outside the United States for its electric vehicle solutions, including off-road, ruggedized on-road, and public utility vehicles, with no current US customers, partners, or suppliers.
Positive
- All-cash takeover offer at US$180 million with premium to market price
- Proposed US tariffs will not adversely affect Tembo EV business operations
- Strategic focus on international markets reduces US regulatory exposure
Negative
- market presence with no access to US market for Tembo EV business
News Market Reaction
On the day this news was published, VVPR gained 3.64%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VivoPower and Energi Holdings, which has made an all-cash offer at a premium to market to acquire the Company, are progressing to the next step—the exclusive due diligence period
Review of the proposed US tariffs announced by President Trump suggests that they are not expected to affect the Tembo electric vehicle business
LONDON, April 07, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) ("VivoPower" or the "Company") confirmed today with Energi Holdings Limited (“Energi”) that both parties will continue to progress with the next steps of the takeover process, being the exclusive due diligence period.
An unsolicited all-cash offer to acquire all non-affiliated free float shares of VivoPower was made in March by Energi, an Abu Dhabi-headquartered energy solutions company established in 2014. Energi has US
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.
Contact
Shareholder Enquiries
shareholders@vivopower.com
FAQ
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