Envirosuite: Acquiring EMS for $85M
- Envirosuite set to purchase EMS Bruel & Kjaer Holdings for $85M to bring together Australia’s two most successful environmental technology companies
- EMS is a leading global environmental technology group, with over 400 customers in 40 countries and approximately 200 staff
- Envirosuite also will purchase EMS on a cash-free, debt-free basis from its shareholder group
- The combined companies will create a world-class environmental technology platform
- Despite this big news, Enivrosuite has dropped 15.38 per cent on market close, trading at 22¢ apiece
- Then the deal expected to complete at the end of February and is subject to shareholder approval