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VivoPower Confirms Continuation of Proposed US$180 Million Takeover Process: US Tariffs Not Expected to Affect Tembo Business

GlobeNewswire LogoGlobeNewswire1d ago

VivoPower Confirms Continuation of Proposed US$180 Million Takeover Process: US Tariffs Not Expected to Affect Tembo Business - GlobeNewswire

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VivoPower and Energi Holdings, which has made an all-cash offer at a premium to market to acquire the Company, are progressing to the next step—the exclusive due diligence period  Review of the proposed US tariffs announced by President Trump suggests that they are not expected to affect the Tembo electric vehicle business LONDON, April 07, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) ("VivoPower" or the "Company") confirmed today with Energi Holdings Limited ("Energi”) that both parties will continue to progress with the next steps of the takeover process, being the exclusive due diligence period.

These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission.

Energi has US$1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia ( ) VivoPower management has also conducted an initial review of the proposed US tariffs announced by President Donald Trump and does not expect these tariffs to have any adverse effect on the Tembo electric vehicle business.

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Article Details

Author / Journalist: VivoPower International PLC

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 15:33:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 27663290

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 16 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 9 hours ago

Coverage Areas: China

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Publisher ID: #116

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