The Board of NMG Corporation Limited announced that it has executed a conditional agreement to acquire 100% of the issued capital in formwork systems and hire equipment provider, Acrow Holdings Pty Limited. On completion of the transaction, it is anticipated that one of the current directors of NMG will resign, and two nominees from Acrow (which will include Peter Lancken as Non-Executive Chairman) will join the NMG board of directors. Peter Lancken (current director of Acrow Formwork and Scaffolding Pty Ltd) will join the Board of the Company at completion of the transaction. Peter is also the Non-Executive Chairman of Propertylink Group and Non-Executive Chairman of Crimestoppers NSW.