Congratulations to Volt Group (ASX: VPR) on their acquisition of 4D Delta Pty Ltd.

Based in Perth, 4D Delta specialises in digital asset inspection technology, proprietary data processing software and asset condition monitoring analysis to deliver optimised maintenance management to the global resources and mineral processing sectors. The acquisition of 4D Delta is highly strategic and is expected to transform Volt into a larger and more diversified technology enabled product and services company.

Contemporaneous with the acquisition, Volt has received firm commitments to raise $4.0m (before costs) at $0.135 per share via a Conditional Placement to institutional and sophisticated investors.

For the acquisition, Sternship Advisers acted as corporate adviser and Thomson Geer acted as legal adviser to Volt.