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HomeFinTechDuratec: Completely acquire Wilson’s Pipe Fabrication

Duratec: Completely acquire Wilson’s Pipe Fabrication

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Duratec Completely acquire Wilson’s Pipe Fabrication

  • Duratec (DUR) signs a share purchase agreement to wholly-acquire Wilson’s Pipe Fabrication (WPF) for a maximum sale price of $18 million
  • The acquisition is a milestone in the company’s strategic plan to grow the business through complementary business acquisitions
  • The platform expects the acquisition to be complete around mid-October
  • Initial consideration payments to WPF will be funded through the company’s existing cash reserves and any payment made under the earn-out consideration will be funded through existing cash reserves, equity or debt
  • Shares in the company are up 2.35 per cent, trading at 43.5 cents as of 2:28 pm AEST

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