VivoPower in Advanced Bilateral Negotiations on All-Cash Takeover Offer at Enterprise Value of US$120 Million

LONDON, March 26, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") is pleased to update that it is in advanced bilateral negotiations with Energi Holdings Limited (“Energi”) in relation to its unsolicited non-binding takeover proposal. Energi is an Abu Dhabi-headquartered energy solutions company established in 2014 with US$1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia ().

The unsolicited takeover proposal is an all-cash offer for all non-affiliated free float shares of VivoPower at an enterprise value of US$120 million and is subject to due diligence.

The VivoPower board and Energi have agreed to complete negotiations on price, terms and conditions before April 2, 2025. VivoPower’s board will accordingly provide a further update to the market.

About VivoPower 

Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonization solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

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