"ILUS’ industrial subsidiary, Quality Industrial Corp. is in the final stages of completing the acquisition of a $100m+ revenue process manufacturing company headquartered in the United Arab Emirates. The subsidiary has already signed a binding agreement with the acquisition target, paid the first agreed payment of $1 million and both parties are now working through the final documentation for their anticipated deal completion and announcement during September 2022. Simultaneously, ILUS’ emergency response subsidiary, Emergency Response Technologies, is working through the completion of four acquisitions."
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