TORONTO, April 30, 2025 /CNW/ - TerraVest Industries Inc. (TSX:TVK.TO) ("TerraVest") is pleased to announce that it has acquired Simplex, Inc. ("Simplex" or the "Company") – a leading technology company that designs and manufactures electrical test systems (load banks) and fuel supply systems for the standby power generation industry. The market for these products has been driven by demand for emergency back up power generators at data centers, hospitals and other public utilities. Simplex was acquired for an enterprise value of approximately US$28.0 million, including the assumption of certain liabilities, and subject to customary closing adjustments. Headquartered in Springfield, IL, Simplex products are installed in some of the most demanding, mission critical environments.
Read more at newswire.caTERRAVEST ANNOUNCES THE ACQUISITION OF SIMPLEX INC.
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