How much is the initial purchase price for Primepower Queensland?

The initial purchase price is set at $150,000, subject to customary post-completion adjustments for working capital and net debt.

When is the transaction expected to be completed?

Babylon Pump & Power (ASX:BPP) expects the transaction to be completed by the end of July, subject to customary conditions precedent.

What is the strategic reason behind the sale of Primepower Queensland?

Babylon Pump & Power (ASX:BPP) stated that the sale supports its ongoing corporate restructuring, simplifies its operating structure, and sharpens its focus on core water management rental operations.

How did the market react to the announcement?

Following the announcement, the Babylon Pump & Power (ASX:BPP) share price remained unchanged at $0.077.

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Babylon Pump & Power sells maintenance unit for $150,000

Written by Liezl GambePublished Jul 29, 2026, 6:45 AM

· Babylon executed a share purchase agreement to sell 100% of its subsidiary Primepower Queensland for an initial purchase price of $150,000.

· The transaction provides the company with a clean exit from the maintenance segment with no ongoing operating liabilities.

· The sale supports Babylon's ongoing corporate restructuring and refocuses the business on its core water management rental operations.

Specialist resources services provider Babylon Pump & Power (ASX:BPP) executed a binding share purchase agreement to sell 100% of its subsidiary Primepower Queensland to Maximor Nominees, trading as Westralian Diesel, for an initial purchase price of $150,000.

The transaction exits Babylon from the maintenance segment, contrasting with its previous strategy of expanding multi-service regional footprints.

The company stated that the transaction represents a further milestone in its strategic transformation and sharpens its focus on core rental operations.

The initial purchase price of $150,000 is subject to customary post-completion adjustments for working capital and net debt, with completion expected by the end of July.

Following the announcement, the Babylon share price was unchanged at $0.077.

The sale aligns with Babylon's previously announced strategy to simplify its operating structure and support ongoing cost reduction initiatives.

The company previously acquired Primepower in September 2019 to establish a presence in Australia's resources sector before shifting focus towards rental and environmental services.