VivoPower Unveils Comprehensive Restructuring Plan for Growth and Expansion
VivoPower Provides Further Updates with Respect to Non-Binding US $180 Million Takeover Proposal and Business Unit Spin-Offs
London, UK – April 9, 2025 – VivoPower International PLC (Viv), a leading provider of energy and infrastructure solutions, today provided further updates with respect to the non-binding takeover proposal and business unit spin-offs.
As previously announced, VivoPower received a non-binding takeover proposal from a leading international energy company, valuing the company at US $180 million. The proposal is subject to due diligence and the negotiation of a definitive agreement.
In addition, VivoPower has made significant progress on its business unit spin-off strategy, which is designed to unlock value and create a more focused and efficient organization. The company has identified several business units that will be spun off into separate entities, which will be better positioned to capitalize on market opportunities and drive growth.
"We are pleased to provide further updates on our non-binding takeover proposal and business unit spin-off strategy," said Kevin Presopp, Chief Executive Officer of VivoPower. "We believe that these initiatives will create significant value for our shareholders and position the company for long-term success."
The spin-off of the business units is expected to be completed in the second half of 2025, subject to regulatory approvals and other customary conditions. VivoPower will continue to provide updates on its progress and will host an investor conference call in the coming weeks to discuss the proposal and spin-off in more detail.
VivoPower is a leading provider of energy and infrastructure solutions, with a focus on renewable energy, energy storage, and energy efficiency. The company has operations in the United States, Europe, and Asia, and is listed on the London Stock Exchange under the ticker symbol VIVO.
About VivoPower International PLC VivoPower International PLC is a leading provider of energy and infrastructure solutions. The company has operations in the United States, Europe, and Asia, and is listed on the London Stock Exchange under the ticker symbol VIVO. VivoPower provides a range of energy and infrastructure solutions, including renewable energy, energy storage, and energy efficiency, to a diverse range of customers across various industries. The company is committed to delivering innovative and sustainable solutions that meet the evolving needs of its customers and the environment.