StockMarketWire.com - Pressure Technologies has agreed terms to acquire the business and certain assets of New Zealand-based Greenlane Biogas Holdings Limited and those of its various subsidiary companies, a leading developer and global supplier of patented technology for upgrading raw biogas to high purity biomethane.

The maximum total consideration for the deal is NZ$25m, comprising an initial consideration of NZ$12.0m with additional deferred payments, split over four years, of up to a maximum of NZ$13.0m, based on the future financial performance of Greenlane.

The initial consideration will be met from the Group's existing cash resources.




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