- Country: Australia
- Industry: Manufacturing
- Stage: Exit/Sale of the business
- Investment size: $1,000,000 / min. $1,000,000
- Type of investment: Equity
IP Sale: A purpose built off-road service vehicle that has wide ranging potential in the agricultural, mining, tunnelling and civil construction sectors
ulti-Purpose, Low Maintenance, Heavy Duty, Mine Support Utility
Lloyds Business Brokers invites Buyers to submit Expressions of Interest to acquire all of ADiT Engineering’s Intellectual Property and Business assets in L-MUVA (Low Maintenance Utility Vehicle ADiT), a purpose built off-road service vehicle that has wide ranging potential in the agricultural, mining, tunnelling and civil construction sectors for use as a nipper's (personnel transport) vehicle, supervisor’s vehicle, mobile equipment maintenance vehicle, elevating lift platform (ELP) and other specialist vehicle uses developed by Derek Thompson and his team at ADiT Engineering.
The developers of L-MUVA have constructed a vehicle with exceptional safety, reliability, usability and availability. Key features of vehicle include:
The design life, high availability and low OPEX equate to a fiscal advantage over a standard light Mine vehicle in the first year of its operation.
It is designed to give key Mine staff more effective management of their time and resources - in effect providing them with more effective hours in the day and consequently increasing productivity of capital equipment.
It has ease of safe operation by any driver of rudimentary skill.
It moves around a mine quickly without resorting to multi-point turns thus avoiding collision and damage.
It is unlikely to be found in a workshop waiting on repairs.
Key employees are more costly than generic mine utilities and the return from the industriousness of employees underpins the Mine outcomes. The L-MUVA increases productivity reducing employees, vehicles and cost of operation.
L-Muva offers potential Buyers significant growth potential going forward due to its:
- Improved safety features
- Increased mining production potential
- Cost Improvements; and
- Technical advantages
The Vendor is seeking a majority sale of the Intellectual Property but is willing to remain on in a consultancy role if necessary.
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