Treasure Global signs MOU to buy 51% stake in smart water metering firm for $38 million
TGL•Treasure Global signed a non-binding MOU to buy a 51% controlling stake in Mestiz Century Logic for $38 million in cash. The proposed deal includes a 120-day exclusivity period and depends on due diligence, a definitive agreement, regulatory clearances and board approvals.
1. Proposed acquisition
Treasure Global signed a non-binding MOU to acquire a 51% controlling stake in smart water metering provider Mestiz Century Logic for $38 million in cash. The MOU provides a 120-day exclusivity period for due diligence and negotiations. Mestiz Century Logic sells cloud-based IoT smart meters and AI-enabled water management software for real-time monitoring and predictive maintenance. Completion depends on a definitive agreement, due diligence, regulatory clearances and board approvals.
