Business
EdgeTI Announces Highly Strategic and Accretive Transaction with Austal Ltd. (ASB) by Executing Definitive Agreements to Acquire the Operations of Austal Australia's Digital Advanced Technology Division in an All Share Transaction at CAD $1.00 Resulting in Austal Ltd. (ASB) Owning 9.9% of EdgeTI
Strategic Rationale & Highlights of the Transaction: EdgeTI to establish Western Australia subsidiary based in Perth, WA to hire and retain key employees of Austal Australia's Digital Advanced Technology Division, creating Digital Solutions for Maritime, Naval and Airforce and Defence Customers.Austal to branch, transfer, and license advanced proprietary software assets to EdgeTI for continued development and further commercialization to defence, broader maritime, and asset intensive...
About this update from Austal Limited
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