Babylon Pump & Power to acquire Matrix Hydro Services
PERTH: Babylon Pump & Power Limited (ASX: BPP) announced Wednesday it has agreed to acquire Matrix Hydro Services Pty Ltd, a Western Australia-based specialist in aquifer testing and groundwater services, for an initial $2.5 million. The deal, which includes deferred payments tied to performance, aims to strengthen Babylon’s water management capabilities in the mining sector. …