Unsolicited takeover proposal is not hostile and from an Emirates headquartered energy solutions group
Proposal encompasses the buyout of all non-affiliated free float shares and the privatization of VivoPower
LONDON, March 24, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") confirmed today that it has received an unsolicited non-binding takeover proposal from Energi Holdings Limited ("Energi"), an Abu Dhabi headquartered energy solutions company established in 2014 with US$1 Billion of revenues and offices in the Middle East, Africa, South Asia, Europe and Southeast Asia (www.energi.ae).
The unsolicited takeover proposal is an all-cash offer for all non affiliated free float shares of VivoPower at an enterprise value of US$120 million and is subject to due diligence.
The board members of VivoPower have acknowledged the receipt of the proposal from Energi and are in the process of reviewing with its advisors and will provide an update to the market as soon as possible.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower's core purpose is to provide its customers with turnkey decarbonization 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.
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