Proactive Investors - Run By Investors For Investors

Pacific Environment divests non-core business unit

Pacific Environment divests non-core business unit

Pacific Environment (ASX:PEH) has negotiated a management buy-out of its non-core stack emissions measurement business unit for $470,000 in cash.

This reflects and supports the company’s strategic direction as an environmental services and technology company, led by the flagship EnviroSuite software platform.

Proceeds from the transaction will be applied to the on-going technical and commercial development of EnviroSuite 2.0.

The two companies will retain a close working relationship, and Pacific Environment will continue to use the services of this newly formed entity (Assured Monitoring Group Services Pty Ltd) where appropriate.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

View full EVS profile View Profile

EnviroSuite Ltd Timeline

October 25 2016

Related Articles

May 17 2019
The company also provides the infrastructure for the Internet of Things, targeting businesses that construct data centres and smart buildings
ROBO Global US CEO Travis Briggs
August 15 2018
Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies.
June 19 2019
CUI plans to purchase four privately held companies that provide services to the oil & gas, wireless telecommunications and utility industries and combine its subsidiaries with them to create a whole new company

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use