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 0.1 million in normalized annual EBITDA and approximately AUD 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.