GO plc - Investment in AQS Med

On 27 March 2024, GO plc announced that it has signed a share purchase agreement for the acquisition of a 51% equity stake in AQS Med Limited for a consideration of €1.2 million with the possibility of a further €2 million earnout depending on the performance of AQS over a five-year period. The transaction is still subject to a number of conditions being satisfied.

GO explained that AQS operates within the renewable energy sector and is a local market leader having been entrusted with some of the largest installations on the island. The Company stated that the transaction underlines its commitment to renewable energy.

The transaction was concluded on 28 June 2024.