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EPX Limited (ASX:EPX)

ALERT: Price-sensitive ASX Announcement for EPX
Current share price for EPX : $0.190 -0.02 (-9.52%)+
Announcement
Release
18 Dec 2025 10:34AM
Price at Release
$0.210
Full Release
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Summary
EPX Limited announced the acquisition of Wattwatchers Pty Limited, a company that offers real-time energy data and monitoring solutions, which was in administration. The acquisition was conducted under a Deed of Company Arrangement and valued at $1.05 million, comprising $550,000 in cash and $500,000 in EPX shares. EPX also secured $2.14 million in commitments through a placement from institutional shareholders to support this acquisition, alongside a Share Purchase Plan (SPP) to raise an additional $700,000. This acquisition aligns with EPX's strategy to expand its market verticals and enhance its operational performance in rapidly deploying energy monitoring technologies. Furthermore, the acquisition is expected to add $2-$3 million in recurring revenue to EPX's business, significantly boosting its presence in the Australian market for energy monitoring solutions.
Key Points
  • EPX Limited acquired Wattwatchers Pty Limited for $1.05 million.
  • The acquisition was supported by a $2.14 million placement from institutional investors.
  • A Share Purchase Plan (SPP) was proposed to raise an additional $700,000.
  • Wattwatchers provides real-time energy data and monitoring solutions.
  • The acquisition aligns with EPX's strategy to expand market presence and enhance performance.
  • Expected to add $2-$3 million in recurring revenue to EPX.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.