Leading International Investment Research

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>ERM Power has announced the acquisition for up to A$16m of Out Performers, a provider of energy services to large energy customers. This is consistent with a refocusing on core Australian activities, following the recent announcement of the upcoming US business disposal. We estimate the acquisition implies a P/E multiple at a large discount to ERM Power and <5% EPS accretion on a full-year basis.</p>

ERM Power has announced the acquisition for up to A$16m of Out Performers, a provider of energy services to large energy customers. This is consistent with a refocusing on core Australian activities, following the recent announcement of the upcoming US business disposal. We estimate the acquisition implies a P/E multiple at a large discount to ERM Power and 

ERM Power - Acquisition strengthens Energy Solutions

Erm Power Ltd

ERM Power - Acquisition strengthens Energy Solutions