ReNu Energy (ASX:RNE) Acquires Janus Electric
Acquisition Details
ReNu Energy Limited (ASX:RNE) has entered into a Share Purchase Agreement to acquire 100% of Janus Electric Limited. Following the acquisition, ReNu Energy will be renamed Janus Electric Holdings Limited (ASX:JNS), solidifying its position as a leader in the electrification of heavy transport through innovative battery-swapping technology and expanded infrastructure.
Capital Raising
In addition to the acquisition, Janus Electric Holdings will undertake a capital raise of between $8 million and $10 million by issuing 40 to 50 million new shares. The funds will be utilised to scale commercial operations, expand infrastructure, and accelerate market adoption of Janus’ battery-swapping solutions, supporting the transition to electric heavy haulage.
Executive Comments
Dennis Lin, the incoming Chair, commented on the transaction: “The acquisition of Janus Electric is a transformational step for ReNu Energy, positioning us at the forefront of heavy transport electrification. This strategic move, supported by our capital raise, enables us to deliver scalable and economically efficient decarbonisation solutions to the industry.”
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