Casing Technologies Group Limited to acquire Saltire Energy Limited, Foxley Energy Limited

Casing Technologies Group Limited has agreed to acquire Saltire Energy Limited and Foxley Energy Limited in a strategic acquisition. The transaction, announced on 8 October 2026, involves a total equity value of 60,289,856.60 pounds sterling. Both the buyer and the target entities are based in the United Kingdom, operating within the energy sector. The consideration for the deal is structured as a combination of cash, shares, and a loan note. This arrangement reflects the specific financial terms agreed upon between the parties for the transfer of ownership.

The current status of the transaction is firm intention, indicating that the parties have reached a definitive agreement regarding the terms of the sale. No completion date has been reported for this deal. The process remains subject to standard regulatory approvals and other customary closing conditions that are typical for such corporate transactions. This acquisition represents a significant move for Casing Technologies Group Limited, as it expands its portfolio by incorporating the assets and operations of the two energy companies. The combined entity will continue to operate within the UK energy market, with the specific integration plans to be determined following the formal completion of the transaction.