VivoPower in Advanced Bilateral Negotiations on All-Cash Takeover Offer at Enterprise Value of US$120 Million

Rhea-AI Summary

VivoPower International PLC (Nasdaq: VVPR) has announced it is in advanced bilateral negotiations regarding an unsolicited takeover proposal from Energi Holdings , an Abu Dhabi-based energy solutions company. The proposed all-cash offer values VivoPower at an enterprise value of US$120 million and targets all non-affiliated free float shares.

Energi, established in 2014, generates US$1 billion in revenues and maintains offices across the Middle East, Africa, South Asia, Europe, and Southeast Asia. The negotiations between VivoPower's board and Energi are expected to conclude by April 2, 2025, with terms, conditions, and final pricing subject to due diligence.

Positive

• Potential acquisition at US$120 million enterprise value
• All-cash offer structure provides immediate liquidity for shareholders
• Acquirer is an established company with US$1 billion in revenues

Negative

• Final price and terms still subject to due diligence and negotiations
• Deal completion uncertainty as offer is non-binding

LONDON, March 26, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") is pleased to update that it is in advanced bilateral negotiations with Energi Holdings Limited (“Energi”) in relation to its unsolicited non-binding takeover proposal. Energi is an Abu Dhabi-headquartered energy solutions company established in 2014 with US$1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia (www.energi.ae).

The unsolicited takeover proposal is an all-cash offer for all non-affiliated free float shares of VivoPower at an enterprise value of US$120 million and is subject to due diligence.

The VivoPower board and Energi have agreed to complete negotiations on price, terms and conditions before April 2, 2025. VivoPower’s board will accordingly provide a further update to the market.

About VivoPower 

Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonization solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. 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. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Contact
Shareholder Enquiries
shareholders@vivopower.com 

FAQ

What is the enterprise value of the takeover offer for VivoPower (VVPR)?

The unsolicited all-cash takeover offer values VivoPower (VVPR) at an enterprise value of US$120 million.

When will VivoPower (VVPR) complete negotiations with Energi Holdings?

VivoPower's board and Energi have agreed to complete negotiations on price, terms and conditions before April 2, 2025.

Who is making the takeover offer for VivoPower (VVPR)?

Energi Holdings , an Abu Dhabi-based energy solutions company with US$1 billion in revenues, made the unsolicited takeover offer.

What type of offer is being made for VivoPower's (VVPR) shares?

The offer is an all-cash proposal for all non-affiliated free float shares of VivoPower, subject to due diligence.

Is the takeover offer for VivoPower (VVPR) binding?

No, the takeover offer is currently non-binding and subject to due diligence, price negotiations, and final terms and conditions.