Electro Optic Systems Holdings Limited (AU:EOS) has released an update.
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Electro Optic Systems Holdings Limited has agreed to sell its subsidiary, EM Solutions, to Cohort plc for $144 million. This move aligns with EOS’s strategy to focus on its core growth areas, including counter-drone technology, and will provide the financial flexibility to pursue these opportunities. The sale will also enable EOS to repay its debt, strengthening its balance sheet for future growth.
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