NEW YORK, NY -- May 25, 2022 -- InvestorsHub NewsWire -- ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. The company confirmed that it has agreed the principal terms to acquire its first $100 million revenue company. The agreed acquisition delivered upwards of $100 million in 2021 revenue and is on track to achieve over $200 million in 2022. 

ILUS is pleased to announce that following months of discussions and due diligence, the terms have been agreed for the acquisition of a large process equipment manufacturer which is focused primarily on the Oil, Gas and Utility industries and which also manufactures firefighting equipment for special projects. The company is a leading provider of heavy engineering solutions and turnkey projects with an extensive list of global multinationals as customers. The agreed acquisition is headquartered in the Middle East where its manufacturing and assembly facilities extend to over 10 million square feet. 

“This agreed acquisition would allow us to scale up our production of larger vehicles as well as our fixed and portable firefighting systems, specifically for the Oil and Gas sector where we will have an existing customer base. The addition of such enormous manufacturing capability and revenue will be an incredible development for ILUS, with more exciting developments nearing completion in the pipeline,” said ILUS Managing Director, John-Paul Backwell. 

Following completion of the first round of due diligence, the heads of terms for the acquisition and documentation have been agreed. The attorneys are satisfied and have begun work on the contracts whilst the second round of due diligence is already underway. ILUS and the agreed acquisition hope to complete the remaining due diligence and contractual process within approximately thirty days. 

ILUS will structure the agreed acquisition within its Emergency Response Technologies subsidiary, alongside a group of several strategically aligned manufacturing and technology companies. Emergency Response Technologies has simultaneously agreed the acquisition of a fully reporting Special Purpose Vehicle (SPV) and it is intended that the agreed acquisition will be reversed into this SPV. More detailed information on the structure of the deals will be announced closer to or at their completion.

ILUS CEO, Nick Link, commented, “Following months of hard work behind the scenes on this deal, we are pleased to have agreed terms on it. We have not spoken about this deal previously and we believe the agreement represents a significant leap forward for ILUS and its Shareholders. The acquisition of our first $100 million revenue business will further strengthen our foundations as we deliver on our plans for Emergency Response Technologies and continue to build the ILUS conglomerate.”

For further information on the companies, please see their communication channels:

Website: https://ilus-group.com
Twitter: OTC_ILUS

 

Email: IR@Ilus-Group.com

Source: ILUS 

Related Links

https://ilus-group.com

Forward-Looking Statement
Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material non-public information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls and webcastsalso may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, considering the SEC's guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social &media channels:
website: https://ilus-group.com     Twitter: OTC_ILUS 
Note: ILUS Coin does not sit within ILUS International Inc (Ilustrato Pictures International Inc), so the public are recommended to follow the correct Media Channels relating to the public company OTC: ILUS.


 

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