VivoPower turns EBITDA-profitable after closing $41M Norway data center deal

VivoPower PLC (NASDAQ:VIVO, FRA:51J) said on Tuesday it has become EBITDA profitable following the completion of its $41 million acquisition of data center assets in Norway, marking a shift to positive earnings on a pro forma basis. The Nasdaq-listed company reported that the acquired operations are expected to contribute about $31 million in annual revenue and roughly $10 million in annual EBITDA, compared with pre-acquisition annual revenue of about $0.1 million and negative EBITDA of $8.2 million.