STATS (UK) Limited has announced that its shareholders have executed a Share Purchase Agreement to sell 100% of the issued share capital of the company to SRJ Technologies Group pic. The acquisition combines Aberdeenshire-based STATS with SRJ's portfolio of disruptive technologies that are well positioned to capitalise on global energy market growth and the transition to green energy. SRJ is a publicly listed company on the Australian Securities Exchange and will undertake an offer of shares to raise AU$142 million to fund the cash component of the purchase price for STATS and to provide working capital for the combined group post-completion. The transaction is subject to customary conditions, including SRJ obtaining the required shareholder approvals, and is expected to close in 1Q22.
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