IkeGPS raising $19m for acquisitions

Mon, 09 Aug 2021

IkeGPS will be in a trading halt until Wednesday as the company seeks to raise $19.2 million from institutional investors in New Zealand and Australia.The electricity and communications pole company is asking investors for A$18.3 million to “ensure it is well capitalised to execute on potential future acquisition opportunities” as well as fund growth more generally.Ike raised a similar amount of money in 2020 and used some to acquire software assets that automated analysis of power poles from Visual Globe in January. The price...

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