Kontrol Technologies (TSE:KNR) has released an update.
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Kontrol Technologies Corp. has announced the sale of its subsidiary CEMSI for approximately $17.3 million, aiming to bolster its ‘sustainable buildings’ services with the proceeds. This strategic move will fuel growth through organic expansion and potential acquisitions in the lucrative sustainable buildings market, with a focus on high-margin opportunities. The company is also exploring options to capitalize on its BioCloud technology patents separately.
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