Since the acquisition on 18 September 2017, De.mem / Akwa-Worx received project awards valued at approx. $2.1 million in total revenues. Customers included, amongst others, Bechtel, Ausco Modular and St. Hilliers. In existing markets, De.mem was able to sign a $500,000 contract for the sale of a water treatment plant in Vietnam to a local Vietnamese customer in August 2017. The Akwa-Worx acquisition also adds a substantial recurring revenue stream to the group, through Akwa-Worx’ long-term operations & maintenance business.
Gltah
DEM Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
