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VIVOPOWER ANNOUNCES COMPLETION OF KENSHAW SALE
VVPRVivoPower(VVPR) GlobeNewswire News Room·2024-07-02 12:45

Core Insights - VivoPower International PLC has completed the sale of its non-core business unit, Kenshaw Electrical, to ARA Group Limited, aligning with its strategy to focus on core growth businesses [4]. Company Overview - VivoPower is a global sustainable energy solutions B Corporation that specializes in electric solutions for customized fleet applications, including off-road and on-road vehicles, as well as ancillary services like financing, charging, battery, and microgrids [2]. - The company's mission is to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status [2]. - VivoPower operates in multiple countries, including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates [2]. Strategic Focus - The divestment of Kenshaw is part of VivoPower's strategy to reinvest in its high-growth businesses, particularly Tembo [4].