RPM Automotive Group Limited (ASX:RPM) entered into a binding agreement to acquire AFT Automotive Group for AUD 2.4 million on May 30, 2022. As per the transaction, RPM Automotive Group Limited will pay 50% of the consideration in cash and 50% in shares escrowed for 12 months. The transaction is expected to close on or by early July 2022.

RPM Automotive Group Limited (ASX:RPM) completed the acquisition of AFT Automotive Pty Ltd on July 11, 2022.