XRF Scientific Limited (AU:XRF) has released an update.
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XRF Scientific Limited has successfully completed its acquisition of Labfit Pty Ltd for $1.16 million, strengthening its position in the market for laboratory equipment. The acquisition was funded through a combination of cash reserves and XRF shares, marking a strategic move to enhance its offerings with Labfit’s expertise in Carbon Sulphur and pH Analysers. This expansion is expected to bolster XRF’s capabilities in serving its blue-chip customer base, including major players in mining and industrial production.
For further insights into AU:XRF stock, check out TipRanks’ Stock Analysis page.
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