Safe & Green Holdings to Acquire Olenox and Machfu, Creating a Leader in Sustainable Energy and Industrial Automation

Safe & Green Holdings Corp. is merging with Olenox and Machfu.com, acquiring 100% of NAHD's outstanding securities. The strategic combination will drive innovation in energy and industrial IoT. Safe & Green will integrate Olenox's energy assets and Machfu's IoT capabilities with its existing operations. The merger is expected to drive revenue growth, improve operational efficiencies, and create new opportunities for value creation.

Safe & Green Holdings Corp. (NASDAQ: SGBX), a pioneering developer of modular structures, recently announced a transformative merger with New Asia Holdings Inc. (OTCQB: NAHD) [1]. This strategic combination introduces game-changing energy and industrial Internet of Things (IoT) innovations, setting the stage for long-term shareholder value.

The acquisition includes Olenox Corp. ("Olenox"), a diversified energy company, and Machfu.com ("Machfu"), a leading provider of secure connectivity and automation solutions for industries like oil & gas, utilities, and manufacturing [1]. Olenox's operations encompass three vertically integrated business units: Oil & Gas Production, Energy Services, and Energy Technologies [1].

Olenox specializes in acquiring and revitalizing underdeveloped energy assets, leveraging proprietary technologies and operational expertise to enhance production efficiency, lower costs, and minimize environmental impact [1]. Their innovative approach focuses on distressed and neglected oil and gas fields in Texas, Oklahoma, and Kansas, creating a scalable model that addresses industry inefficiencies while maintaining a strong commitment to sustainability [1].

Machfu's IoT capabilities are expected to integrate seamlessly with Safe & Green's existing operations, driving revenue growth and improving operational efficiencies [1]. The combined entity aims to achieve greater efficiencies and economies of scale across its business segments, aligning with Safe & Green's vision to lead advancements in sustainable energy, food, water, and shelter as essential pillars for fostering global resilience [1].

Safe & Green plans to leverage its existing facilities, including its Waldron facility in Durant, Oklahoma, to support its new operations in the oil and gas industry [1]. By maintaining its current operations and fabrication of modular structures, the company ensures a steady stream of revenue while capitalizing on the growth potential of the energy and industrial IoT sectors.

Sources:
[1] Safe & Green Holdings Corp. (January 14, 2025). Safe-Green Holdings Announces LIO for Transformative Merger with New Asia Holdings, Inc. Retrieved from https://ir.safeandgreenholdings.com/news-events/press-releases/detail/390/safe-green-holdings-announces-loi-for-transformative