Orbital Energy Group Announces Sale of Orbital Gas Systems Ltd., to Strategic Competitor, nZero Group

Provided By PR Newswire

Last update: May 11, 2022

HOUSTON, May 11, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("Orbital") and nZero Group Limited ("nZero Group") today announced that they have entered into a share purchase agreement (the "Agreement") under which Orbital will sell its UK gas business, Orbital Gas Systems Ltd ("Orbital-UK") to nZero Group.