Australia's Quadrant PE to acquire enterprise services unit of Arq Group

Australia's Quadrant PE to acquire enterprise services unit of Arq Group

FILE PHOTO: A visitor takes a photograph of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia March 6, 2017. REUTERS/Steven Saphore

Australia’s Quadrant Private Equity has signed an agreement to acquire the enterprise services division of ASX-listed Arq Group for A$35 million ($23.5 million) on a cash and debt-free basis.

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