VivoPower Confirms Continuation of Proposed US$180 Million Takeover Process: US Tariffs Not Expected to Affect Tembo Business

Core Insights - VivoPower and Energi Holdings are advancing to the exclusive due diligence phase of an all-cash acquisition offer, which is at a premium to the market price [1][2] - The proposed US tariffs announced by President Trump are not expected to negatively impact VivoPower's Tembo electric vehicle business, which focuses on larger markets outside the United States [2] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, is a global sustainable energy solutions B Corporation that specializes in electric solutions for customized fleet applications, including off-road and ruggedized vehicles [3] - The company's mission is to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, the Netherlands, the UK, the US, the Philippines, and the UAE [3] Acquisition Details - Energi Holdings, an Abu Dhabi-based energy solutions company founded in 2014, made an unsolicited all-cash offer to acquire all non-affiliated free float shares of VivoPower, with reported revenues of US$1 billion [2] - The acquisition process is moving forward with both parties confirming the continuation into the exclusive due diligence period [1]