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Novagen to acquire the business of Argon Aluminium
Edited by : AL CIRCLE
1 min read
Novagen Solar Inc. today announced that on March 7, 2013, Novagen Solar Inc. through its wholly-owned subsidiary, Renegade Engine Company Pty Ltd., entered into a written agreement with Newscope Enterprises Pty Ltd. to acquire the business of Argon Aluminium, of Tweed Heads, NSW, Australia.
"Seeking to complement and add value engineering capabilities, several existing business operations have been identified and reviewed for potential acquisition by Novagen or its operating subsidiaries. Argon Aluminium has fabrication capabilities and infrastructure tooling that can be utilized for Renegade Engine Companies custom motorcycle section. Added to this is the ability to utilize Renegade's under- utilized tooling such as mandrel pipe benders in the Argon business that will reduce outsourcing of services in both Argon and Renegade Engine Company, while adding established revenue streams and profit centers." Micheal Nugent, CEO Novagen Solar.
"Seeking to complement and add value engineering capabilities, several existing business operations have been identified and reviewed for potential acquisition by Novagen or its operating subsidiaries. Argon Aluminium has fabrication capabilities and infrastructure tooling that can be utilized for Renegade Engine Companies custom motorcycle section. Added to this is the ability to utilize Renegade's under- utilized tooling such as mandrel pipe benders in the Argon business that will reduce outsourcing of services in both Argon and Renegade Engine Company, while adding established revenue streams and profit centers." Micheal Nugent, CEO Novagen Solar.
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