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The latest announcement is out from Lycopodium Limited ( (AU:LYL) ).
Lycopodium Limited has acquired a 60% stake in SAXUM, an Argentinian engineering company, for US$7.1 million, funded from cash reserves. This strategic acquisition aims to enhance Lycopodium’s capabilities, expand its service offerings, and strengthen its market position in Latin America and the US. SAXUM, known for its services in sectors like Mineral Processing and Oil & Gas, will contribute positively to Lycopodium’s revenue and profitability. The acquisition is aligned with Lycopodium’s strategic goals, and SAXUM will continue to be managed by its current leadership, ensuring continuity and fostering further expansion in key markets.
More about Lycopodium Limited
Lycopodium Limited is a leading company providing integrated engineering, construction, and asset management solutions. It operates across the Resources, Rail Infrastructure, and Industrial Processes sectors, delivering complex, multidisciplinary projects and offering feasibility studies and advisory services. The company has a global presence with offices in Australia, Canada, USA, Argentina, Brazil, Peru, South Africa, Namibia, Botswana, Ghana, and the Philippines.
Average Trading Volume: 500
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $288.1M
For an in-depth examination of LYL stock, go to TipRanks’ Stock Analysis page.
