DGL Group Limited (ASX:DGL) entered into an agreement to acquire Triox Pty Ltd for AUD 5.5 million on April 6, 2023. The acquisition price of AUD 5.5 million represents 4.6 x EBITDA. The acquisition will be funded by cash, with DGL's net debt position remaining conservative.

Existing Triox sites and assets will allow for DGL to utilise capabilities and capacity in supporting enhanced efficient service offerings. The transaction is subject to limited conditions precedent and expected to be completed on June 1, 2023.