Applied UV (AUVI) Stock Pops on Acquisitions News


  • Applied UV (AUVI) stock is taking off on recent acquisition news.
  • The company is buying PURO Lighting and LED Supply Co. for $20 million.
  • These are both private companies that will double Applied UV’s own size after the deal closes.
Family of four looking sad during lockdown representing AUVI stock.

Source: Sam Wordley /

Applied UV (NASDAQ:AUVI) stock is rising higher on Tuesday as investors react to news of two acquisitions.

Applied UV is acquiring PURO Lighting and LED Supply Co., both of which are privately-held companies. Both of these companies hold disinfection devices that would expand the reach of Applied UV.

To go along with this, Applied UV will gain other benefits from its acquisition of PURO Lighting. That company already has a relationship with Acuity Brands (NYSE:AYI), which AUVI wants to maintain and expand on.

Details of the Deals

Applied UV notes it’s using a mix of cash and stock to fund its acquisition of these two companies. The total value of the acquisitions comes to $20 million. Investors will note that the deals use a value of $2 per share for AUVI stock, which is well above its current price.

Max Munn, founder and president of Applied UV, said the following in a press release:

“With an estimated additional $18 million in revenue for the 12 months ending September 30, 2022, the PURO and LED Supply acquisitions would effectively double the size of our company. We anticipate that the combined company is likely to generate approximately $45-$50 million of revenues in FY 2023, with a strong balance sheet to support the revenue growth.”

AUVI stock is also seeing heavy trading today as some 11 million shares change hands. That’s well above its daily average trading volume of about 426,000 shares. AUVI stock is also up 12% as of Tuesday morning.

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

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