Envirosuite to buy noise monitoring techEnvironmental consulting services company Envirosuite has announced a deal to buy EMS Bruel and Kjaer Holdings.The target is an Australian based group that dominates in the environmental noise and vibration monitoring market, operating in more than 40 countries.Envirosuite will pay $70m cash, offer 135 million shares in Envirosuite and 75 million Consideration Options in Envirosuite to Macquarie Corporate Holdings with an exercise price of 20c.There will also be 20 million consideration options in Envirosuite to the minority shareholders with an exercise price of 25c, which will expire three years from the time of being granted.It has also launched an equity raising through Bell Potter, planning to tap the market for up to $85m, $70m through an underwritten placement, up to $5 through a company managed placement and $10m through a share purchase plan.Shares are being sold at 20c each.
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