De.mem Ltd. (AU:DEM) has released an update.
De.mem Ltd., a key player in decentralized water and wastewater treatment, has enhanced its market presence by acquiring Border Pumpworks, a Victoria-based company specializing in fluid systems and with a track record of over three decades. This strategic move, valued at 0.4x revenue with a cash transaction of $400,000, is expected to bolster De.mem’s regional presence in Victoria and New South Wales, bringing in about $1.1 million in annual revenue and offering significant operational and revenue synergies.
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