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Verbrec Limited (ASX:VBC)

ALERT: Price-sensitive ASX Announcement for VBC
Current share price for VBC : $0.145 -0.005 (-3.33%)+
Announcement
Release
1 Dec 2025 3:00PM
Price at Release
$0.150
Full Release
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Summary
Verbrec Limited has successfully completed the divestment of its subsidiary, Competency Training Pty Ltd, for $11.2 million. This move is part of Verbrec's strategic effort to enhance its financial position, enabling further investments aimed at expanding its influence in the energy transition and automation sectors. The divestment is expected to bolster organic growth, facilitate geographic expansion, and support acquisitions aligned with Verbrec's strategic objectives. Competency Training will continue its operations under the ownership of RelyOn in its new phase as part of a global training provider.
Key Points
  • Verbrec completed the sale of Competency Training for $11.2 million.
  • Divestment aims to strengthen Verbrec's balance sheet.
  • Funds will support organic growth and strategic acquisitions.
  • Competency Training will continue under RelyOn's ownership.
  • Verbrec focuses on energy transition and automation.
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.