MotorCycle Holdings Limited (ASX:MTO) entered into contract to acquire Forbes & Davies Ltd on November 3, 2021. Forbes & Davies Ltd had a revenue of NZD 6 million in year 2021. The transaction is subject to due diligence consummation, and is expected to be completed in November, 2021. The acquisition is expected to be earnings accretive in Financial Year 2022.

MotorCycle Holdings Limited (ASX:MTO) completed the acquisition of Forbes & Davies Ltd on December 1, 2021.