11 May 18
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Guarda Group has buyer interest but is focused on boosting revenue - CEO
Guarda Group, a Perth-based Australian manufacturer of concrete-cutting hand saws, has had buyer interest, but is focused on ramping up revenue, particularly in the US, said Chief Executive Officer Craig Penty.
The company, which is currently valued at around AUD 5m (USD 3.7m) on the basis of its IP and revenue forecasts, has had interest from large global manufacturers and envisages an exit to an industry player, Penty said.
There is no set time frame as it will depend on revenue growth, with the company's conservative revenue forecast for 2021 being AUD 12.2m, he said.
Potential buyers are particularly attracted to Guarda because its saws are manufactured with built-in extraction mechanisms that more effectively manage hazardous waste from the sawing process including silica dust, slurry and carbon monoxide emissions, Penty said"
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\tTo find out more about Guarda Group Holdings please click here.