Axxis Technology Group has reached an agreement to acquire Windturbine in a reverse takeover transaction (RTO).

Windturbine is a developer of vertical micro wind turbines.

As part of the acquisition, Axxis Technology will offer ordinary shares worth A$1.5m ($1.18m) to the shareholders of Windturbine. It also proposes to lend A$0.2m ($0.16m) to meet existing debts, complete manufacturing work, and undertake research and development (R&D) strategies.

Axxis Technology intends to enter the renewable energy sector through the acquisition.

"BKW has completed the acquisition of Switzerland-based electrical installations company Electricite G. Bugnard."

BKW has completed the acquisition of Switzerland-based electrical installations company Electricite G. Bugnard.

BKW intends to increase its operations and strengthen its building technology business in Switzerland through the acquisition.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Prasant Nath and Padmaja Tripathy have completed the acquisition of renewable energy company Satluj Renewable Energy from Gammon Projects Developers and Gammon Renewable Energy Infrastructure Projects for Rs0.15m ($0.002m).

Edison has reached an agreement to acquire a 45.039% stake in renewable energy company Frendy Energy from Cryn Finance.

Edison will purchase the shares of the target company at a price of €0.340 ($0.39) a share as part of the acquisition, which has an estimated value of €1.25m ($1.43m).