A mystery Asian investor is said to have agreed to fund the unprofitable ATM operator GRG International in the purchase of the US-based manufacturing business Triton.
GRG told the ASX yesterday that it had agreed to buy Triton Systems of Delaware and its holding company for US$25 million.
This is more than three times the price the vendors paid for Triton when they acquired it from Dover Corp in mid-2010, according to a report at the time by ATM Marketplace, though the final price was never confirmed.
GRG said Triton was "projected to increase" its annual revenue by...
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