SMW Acquires All Industrial Network Limited

  • Jul 10, 2020 NZST
  • Team Kalkine
SMW Acquires All Industrial Network Limited

SMW Group Limited (NZX:SMW) has acquired All Industrial Network Limited on 8th July 2020. It is a mining support, construction, and engineering services company. As a result of the acquisition, Dominant Owner have become, in aggregate, the holders of more than 90% of the voting rights in the Company.

Under the Takeovers Code, the Dominant Owner is required to give notice that as a holder of ‘outstanding securities’, one has the right to sell its shares in the company to the Dominant Owner.

 


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