Superior Plus Corp. Announces $1.05 Billion Acquisition of Certarus Ltd.

Superior Plus Corp. has announced a deal to acquire Certarus Ltd., a distributor of compressed natural gas, renewable natural gas and hydrogen, for a total value of $1.05 billion including debt. Under the agreement, Superior will pay $853 million in cash and $500 million worth of common shares to the shareholders of Certarus. The deal has been approved by both companies‘ boards and is expected to close in the first quarter of 2023 with customary closing conditions.

Acquisition Benefits

Acquisitions can be beneficial for both the buyer and the seller. For the buyer, acquisitions can provide access to new markets, products, technologies, and talent that may not have been available otherwise. For the seller, an acquisition can provide a quick exit from a business or industry with a substantial return on investment. Additionally, both parties may benefit from increased efficiency due to economies of scale resulting from combining operations.
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Picture source: Tommy Krombacher