De.mem Limited (ASX:DEM) agreed to acquire Border Pumpworks for AUD 0.4 million on April 30, 2024. Mr. Quentin Ferry, the sole director and owner, will retain his role post-transaction. For the year ended December 31, 2023, Border Pumpworks reported AUD 0.135 million ($0.1 million) in normalized annual EBITDA and approximately AUD 1.683 million ($1.1 million) in annual revenues.

The transaction is expected to complete in early May 2024. The Border Pumpworks acquisition is accretive to De.mem.