Reverse takeover: EQTEC plc
Crowe has advised Ireland-based EQTEC plc on its acquisition of Eqtec Iberia SL (Eqtec Iberia), £1.6 million placing and re-admission to AIM on 28 December 2017.
The acquisition allows the refocusing of EQTEC's strategy into the Energy from Waste (EfW) market in the UK and Europe combining Eqtec Iberia's patented gasification technology along with a strong pipeline of projects and solid relationships with some of the global market leaders in the energy sector.
The total consideration of the acquisition was £14 million, satisfied by the issue of ordinary shares in EQTEC.
Crowe's role and team
Client quote
"We were extremely happy with the work performed by the Capital Markets Team at Crowe. We needed the services of an experienced reporting accountant with relevant experience and would have no hesitation in recommending them."
Gerry Madden, Finance Director, EQTEC plc
