Blockchain Registration Transaction Record

VivoPower Announces Sale of Australian Critical Power Business Unit

VivoPower International PLC has entered into an agreement to sell its non-core business unit, Kenshaw Electrical, to ARA Group Limited. The sale is in line with VivoPower’s strategy to focus on reinvesting in its growth businesses.

The sale of the non-core business unit by VivoPower to ARA Group Limited demonstrates the company's commitment to focusing on its growth businesses and sustainable energy solutions. This strategic move may impact the company's future direction and offerings, as well as potentially benefit shareholders and stakeholders. Additionally, it highlights the ongoing shift towards sustainable energy solutions and the global market for such technologies.