XRF Scientific Limited (AU:XRF) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
XRF Scientific Limited has announced its acquisition of Labfit Pty Ltd, a manufacturer of analytical equipment, aiming to enhance its product portfolio with Labfit’s complementary offerings. This strategic move is expected to leverage XRF’s distribution network and manufacturing capacity, potentially escalating Labfit’s revenue and diversifying XRF’s market presence into sectors like mining and agriculture. The acquisition is valued at $1.16 million, with a potential earnout based on Labfit’s future revenue growth.
For further insights into AU:XRF stock, check out TipRanks’ Stock Analysis page.