Laserbond Limited (ASX:LBL) entered into a Memorandum of Understanding to acquire the business of United Surface Technologies for AUD 1.1 million on June 15, 2020. The acquisition includes all staff and existing management, plant and equipment, ongoing contracts, leases and licenses as well as trading names. The purchase price is funded through existing equipment financing facilities and cash reserves. Completion of the acquisition is anticipated by June 30, 2020.