Zenova Group PLC (LSE:ZED) has signed a non-binding agreement to acquire Restoreo International Limited, a move that could significantly reshape the company’s scale and business focus. The transaction, structured as a reverse takeover, is intended to merge Zenova’s fire safety and insulation technologies with Restoreo’s distribution capabilities, creating a global platform for expansion.
The deal is expected to strengthen Zenova’s energy efficiency offerings, though it remains subject to regulatory approvals and shareholder consent. Meanwhile, trading of Zenova shares on AIM has been suspended pending further announcements.
About Zenova Group PLC
Zenova Group PLC develops and supplies advanced fire safety and temperature management solutions across industrial, commercial, and residential markets. Its portfolio includes fire protection paints, thermal insulation coatings and renders, fire extinguishers, aerosol fire suppression systems, automatic ceiling sprinklers, and wildfire barriers, all designed to meet stringent safety and efficiency standards.
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