VIVOPOWER ANNOUNCES COMPLETION OF KENSHAW SALE
LONDON, July 02, 2024 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq:VVPR, “VivoPower” or the “Company”) is pleased to announce that it has completed the sale of one of its non-core business units, Kenshaw Electrical (“Kenshaw”), to ARA Group Limited (“ARA”), a leading diversified industrial services group based in Australia. This follows the announcement on April 29, that a definitive asset sale agreement had been reached with ARA with expected timing for completion of July 1. The divestment is in line with VivoPower’s previously announced strategy to focus on reinvesting in its strong growth businesses including Tembo.