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XRF Scientific Limited (ASX:XRF)

ALERT: Price-sensitive ASX Announcement for XRF
Current share price for XRF : $1.700 -0.165 (-8.85%)+
Announcement
Release
23 Apr 2026 8:54AM
Price at Release
$1.865
Full Release
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Summary
XRF Scientific Limited, through its subsidiary XRF Technology (WA) Pty Ltd, has entered into an Asset Purchase Agreement to acquire Bruker AXS SE's Combustion Gas Analysis business. This acquisition involves four analytical instruments used for precise elemental analysis across various sectors, including nuclear energy and metals production. The manufacturing will transition from Karlsruhe, Germany, to XRF's factory in Perth, Australia, with the process expected to conclude by Q3 2026. The acquisition aims to enhance XRF's product range, providing low-risk, profitable expansion with opportunities for cross-selling with existing products. The purchase includes an upfront cash consideration of USD $4 million and an earnout of up to USD $1 million.
Key Points
  • XRF Scientific to acquire Bruker AXS's Combustion Gas Analysis business.
  • Acquisition includes four analytical instruments for elemental analysis.
  • Manufacturing to move from Germany to Perth, Australia by Q3 2026.
  • Acquisition adds profitable and complementary products to XRF's range.
  • Upfront payment of USD $4 million with an additional earnout potential.
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.