InvestSMART

Saferoads Holdings Limited (ASX:SRH)

ALERT: Price-sensitive ASX Announcement for SRH
Current share price for SRH : $0.095 -0.005 (-5%)+
Announcement
Release
9 Jun 2026 6:13PM
Price at Release
$0.100
Full Release
download
Summary
Saferoads Holdings Limited (ASX: SRH) announced the acquisition of Chameleon Adaptive Modular Loading System (AMLS), a company known for its heavy-duty trailers and utility vehicle trays. The acquisition, valued at a maximum of $500,000, is expected to create a new revenue stream for Saferoads by leveraging its existing supply chain and manufacturing capabilities. The purchase includes $400,000 to be paid in cash and up to $100,000 in SRH shares contingent on future revenue performance. Chameleon's founder, Andrew Kaye, will join the Saferoads Board as a Non-Executive Director, bringing valuable expertise to broaden Saferoads' revenue base.
Key Points
  • Saferoads Holdings Limited acquires Chameleon AMLS.
  • Acquisition price is up to $500,000, with $400,000 in cash and $100,000 in shares.
  • Chameleon specializes in high-value heavy-duty trailers and utility vehicle trays.
  • Acquisition expected to leverage Saferoads' existing supply chain and capabilities.
  • Chameleon founder Andrew Kaye joins SRH Board as Non-Executive Director.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.