Orbital Energy rises on Front Line Power deal

Orbital Infrastructure

17/11/2021 17:23

** Shares of industrial gas sampling and measurement
equipment maker  OEG.O  up ~7% at $2.51
    ** Stock on track for best day in nearly two months
    ** OEG acquires Houston-based electrical infrastructure
service firm Front Line Power Construction LLC in $218.4 mln
deal  urn:newsml:reuters.com:*:nPncfJX3na
    ** Says deal will immediately add to earnings and cash flow;
sees combined co revenue for 2022 exceeding $300 mln
    ** Adds Front Line Power's senior management team will
remain with the firm
    ** OEG shares up ~16% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))