Enevis Sells SKS Lighting

August 4, 2020

On 03rd July 2020 Enevis Limited the owner of SKS Lighting Pty Ltd ACN 006 659 294 announced its intention to dispose of its Commercial lighting business 다운로드. Settlement is scheduled to occur on 31 July 2020.  The acquirer of the SKS Lighting business will operate the business in the name of Verbatim Australia Pty Ltd ACN 005 706 374 컴퓨터 블루투스 다운로드.

The divestment is consistent with the Board’s strategic review of operations and consequent decision to focus the business on its core product and services offering within the Audio Visual, Electrical and Communications sector 다운로드. The proceeds from the sale will be reinvested into the ongoing operations to improve the longer-term profitability of the company.

Executive Chairman and Managing Director, Mr Peter Jinks, said “The sale of SKS Lighting is consistent with the board’s strategy to focus Enevis on its core operations where it can best leverage the skills, expertise and relationships of its key management personnel to attract and build opportunities and earnings 성범죄자 알림e 다운로드. This transaction completes the Boards decision to substantially change the direction of the Company and entirely exit the lighting distribution and manufacturing sector.”

In FY20, the remaining business, SKS Technologies post the Street division divestment, contributed approximately 90% of total revenue 다운로드. The business continues to enjoy substantial repeat business from existing customers. The business is also further expanding and converting on its service and maintenance opportunities 다운로드.