Thomson Geer’s Brisbane Corporate team advised ASX listed Geodynamics Limited in relation to its off market takeover scrip offer for all the shares in an unlisted public company, Quantum Power Limited (QPL). The bid values QPL at approximately $8 million.
Geodynamics is transforming from a geothermal power developer to a participant in the broader cleantech sector. The acquisition will represent its entry into the biogas energy market.
QPL is a market leader in the Australian biogas market specialising in the engineering, procurement and installation of biogas production systems and biogas fuelled power generation for large agribusinesses. With Geodynamics’ additional financial capacity, project management and engineering capability, the merger will enable QPL to accelerate delivery of its existing projects and pursue larger opportunities.