From Yahoo Finance: 2025-06-04 08:55:00

VivoPower International (VVPR) has completed phase two of due diligence for the Tembo acquisition with Energi Holdings at a $200M enterprise value. Energi, a global energy solutions company based in Abu Dhabi, generates $1B in annual revenue across multiple regions. Both parties are moving towards finalizing the transaction and a potential public listing of Tembo through a merger with Cactus Acquisition Corp. 1 Ltd (CCTS).

The VivoPower board will assess the best use of investment proceeds, which could involve returning capital or issuing a special dividend to shareholders. Energi Holdings and VivoPower agree that proceeding with the Tembo merger and potential public listing is in the best interest of both parties. Energi is a significant player in the energy solutions sector, operating in regions such as the Middle East, Africa, South Asia, Europe, and Southeast Asia.

Overall, the completion of the Tembo acquisition process is a significant milestone for VivoPower International, with both parties working towards finalizing the transaction structure and binding documents. The potential public listing of Tembo through a merger with CCTS highlights the strategic importance of this acquisition for VivoPower and Energi Holdings. Investors are advised to stay tuned for further updates on this development.

Read more: VivoPower advances $200M Tembo transaction with Energi