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.