AcquisitionsApr 21, 2026, 08:57 AM
VivoPower Closes $41M Data Center Acquisition; Expects Immediate EBITDA Profitability
AI Summary
VivoPower PLC announced the closing of its $41 million acquisition of Cowa's operating subsidiaries, which own a 41.5MW data center in Norway. The transaction, fully funded without additional public equity raising, is expected to make VivoPower immediately EBITDA profitable on a pro forma basis. The acquired asset contributes an annualized $31 million in revenue and $10 million in EBITDA, with potential for an additional 40MW expansion.
Key Highlights
- Acquisition of Cowa subsidiaries closed for $41 million.
- No additional public equity raising required for funding.
- Expected immediate group-level EBITDA profitability.
- Acquired asset contributes $31M revenue and $10M EBITDA annually.
- Data center capacity is 41.5MW, with 40MW expansion potential.