FOS Capital Limited (ASX: FOS) recently completed a A$3.7 million placement for the acquisition of Aldridge Traffic Systems Pty Ltd. This strategic move will expand FOS's presence in the Australian lighting solutions market and enhance its acquisition track record. The acquisition includes assets of Deneefe, Sunny Signs, L&M, and QTC that will either be divested or shut down, with expected proceeds of $0.5 million to $1.0 million. The acquisition of ATS, a key player in the road lighting industry for over 60 years, aligns with FOS's growth strategy to access new markets and generate operating leverage. The placement price of $0.30 per share represents a 3.2% discount to the last close and is expected to settle by June 23, 2025. FOS management is confident in restoring ATS to its former position within two years post-acquisition, leveraging their industry expertise and successful turnarounds. Investors are encouraged to reach out with any questions regarding this exciting development.