ClearVue Technologies (ASX:CPV) signed a binding asset acquisition agreement with the trustee in bankruptcy of Israeli-based ROOTS Sustainable Agricultural Technologies to acquire ROOTS' intellectual property and other assets, according to a Thursday filing with the Australian bourse.
The acquisition includes patents, designs, stock, and agreements, the filing said. The purchase price is 431,400 new Israeli shekels plus tax.
The acquisition will be completed through the company's Israel subsidiary, OptiCrop, according to the filing.
ClearVue Technologies shares rose nearly 2% in afternoon trade Friday.
Price (AUD): $0.28, Change: $+0.01, Percent Change: +1.82%
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