Acquisition History / Advanced Innergy Holdings Limited (ASX: AIH) / Matrix Composites & Engineering Limited

Advanced Innergy Holdings Limited (ASX: AIH) Acquires Matrix Composites & Engineering Limited

Announced an undisclosed date — $59.4M

Advanced Innergy Holdings Limited (ASX: AIH)Advanced composites manufacturing (oil and gas)

What happened

Advanced Innergy Holdings acquired 100% of Perth-based ASX-listed Matrix Composites & Engineering by scheme of arrangement for A$0.40 cash per share, an all-cash deal reported at about A$90 million. Matrix manufactures engineered composite products, principally buoyancy and insulation systems for offshore oil and gas.

Acquirer
Advanced Innergy Holdings Limited (ASX: AIH)
Target
Matrix Composites & Engineering Limited
Announced
an undisclosed date
Price
$59.4M
Industry
Advanced composites manufacturing (oil and gas)
Buyer type
Strategic acquirer
Status
Closed

By the numbers

Advanced Innergy Holdings Limited (ASX: AIH)'s acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 Advanced Innergy Holdings Limited (ASX: AIH) deals
Advanced Innergy Holdings Limited (ASX: AIH)'s average disclosed price
$59.4M
Advanced Innergy Holdings Limited (ASX: AIH)'s largest disclosed deal
Matrix Composites & Engineering Limited ($59.4M)
Advanced Innergy Holdings Limited (ASX: AIH) in Advanced composites manufacturing (oil and gas)
1 acquisition

Frequently Asked Questions About This Acquisition

When did Advanced Innergy Holdings Limited (ASX: AIH) acquire Matrix Composites & Engineering Limited?

Advanced Innergy Holdings Limited (ASX: AIH) acquired Matrix Composites & Engineering Limited on an undisclosed date. This was Advanced Innergy Holdings Limited (ASX: AIH)'s 1st publicly tracked acquisition out of 1 we have on record.

How much did Advanced Innergy Holdings Limited (ASX: AIH) pay for Matrix Composites & Engineering Limited?

Advanced Innergy Holdings Limited (ASX: AIH) paid $59.4M for Matrix Composites & Engineering Limited.

What does Matrix Composites & Engineering Limited do?

Advanced Innergy Holdings acquired 100% of Perth-based ASX-listed Matrix Composites & Engineering by scheme of arrangement for A$0.40 cash per share, an all-cash deal reported at about A$90 million. Matrix manufactures engineered composite products, principally buoyancy and insulation systems for offshore oil and gas.

What other Advanced composites manufacturing (oil and gas) companies has Advanced Innergy Holdings Limited (ASX: AIH) acquired?

Matrix Composites & Engineering Limited is Advanced Innergy Holdings Limited (ASX: AIH)'s only publicly tracked acquisition in Advanced composites manufacturing (oil and gas) so far.

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