FOS Capital Ltd
FOS Capital launches $3.7m share placement to fund Aldridge Traffic Systems acquisition
Lighting solutions specialist FOS Capital (ASX: FOS) has launched a $3.7 million share placement to institutional and sophisticated investors to fund its proposed acquisition of Aldridge Traffic Systems’ street lighting business assets. Total consideration for the purchase is $3.1m, which includes $900,000 in plant and equipment, $500,000 in inventory and $1.7m in intellectual property. Australian-based […]
FOS Capital expands lighting portfolio with KLIK acquisition
FOS Capital (ASX: FOS) has made a game-changing, $3 million bid to acquire highly-regarded Australian lighting manufacturer KLIK Systems. The “transformative” binding acquisition agreement is being undertaken via the subsidiary FOS Lighting and adds a company with 40 plus years of architecturally respected lighting manufacturing to the FOS stable. The acquisition price is made up […]