VivoPower Advances US$180 Million Non-Binding Takeover with Successful Completion of First Phase of Due Diligence

Group 1 - The first phase of due diligence for the non-binding proportional takeover of VivoPower by Energi has been successfully completed, with an enterprise value of US$180 million [1][2] - Energi, a global energy solutions company based in Abu Dhabi, reported annual revenues of US$1 billion and operates across multiple regions including the Middle East, Africa, South Asia, Europe, and Southeast Asia [2] - The second phase of due diligence will involve a more detailed review of regulatory, legal, and technical matters, expected to conclude by June 2, 2025 [3] Group 2 - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications and ancillary services [4] - The company's core mission is to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in various countries including Australia, Canada, the UK, the US, and the UAE [4]