Lycopodium Limited (AU:LYL) has released an update.
Lycopodium Limited is set to expand its global footprint by acquiring a 60% stake in SAXUM, an Argentine engineering firm with operations in the Americas, leveraging SAXUM’s debt-free status and robust revenue growth to enhance profitability and market competitiveness. The acquisition, anticipated to finalize in early 2025, will retain SAXUM’s brand and leadership, ensuring continuity and positioning for further expansion. This strategic move aligns with Lycopodium’s goals of increasing its presence in Latin America and the US.
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