LPE Acquires PowerHub, Expanding Regional Footprint
Key points
- LPE acquires 100% of PowerHub for up to $5.803M
- Adds 76 sites and 4,642 service points
- Expands presence into Tasmania and South Australia
Full summary
Locality Planning Energy Holdings Limited (ASX: LPE) has acquired 100% of PowerHub, a Brisbane-based energy retailer, for up to $5.803M. The acquisition adds 76 sites and 4,642 service points, including 30 active sites and 1,697 active service points, to LPE's portfolio. This strategic move expands LPE's regional presence into Tasmania and South Australia and supports its growth strategy through disciplined acquisition.
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