ERM Power Limited (ASX:EPW) agreed to acquire 50% stake in Alliance Automation for AUD 8.1 million on July 5, 2019. Alliance Automation has turnover of AUD 35 million. The transaction will be financed from existing facilities and existing facilities. The transaction will be immediately EPS accretive and complement ERM Power's Energy Solutions capability and strategy. Sharon Doyle and Sally McMillan of Clairfield International acted as financial advisors to ERM Power in the transaction. ERM Power Limited (ASX:EPW) completed the acquisition of 50% stake in Alliance Automation on July 5, 2019.