Siemens has announced its plans to acquire Russelectric, a US-based manufacturer of power control systems.
The advanced electrical power portfolios and services of the companies will be combined following the acquisition.
The acquisition will enable Siemens to provide solutions for improving power reliability, security and affordability for critical markets such as data centres, public infrastructure, and healthcare. It will also enable the company to support the power infrastructure market in the US.
Following the acquisition closure, Russelectric will be rebranded Russelectric, A Siemens Business.
Based in the US, Siemens is engaged in developing low and medium-voltage technologies.
TRC has acquired IJUS, a US-based power/utility engineering firm for an undisclosed sum.
Based in the US, the acquirer company is engaged in providing end-to-end engineering, consulting, and construction management solutions based on innovative technology.
Once the deal is complete, TRC will become one of the leading power distribution, engineering and consulting firms in the US.
Ørsted has completed the acquisition of 100% equity interest in Lincoln Clean Energy LLC (LCE) from US-based private equity firm I Squared Capital.
Ørsted proposes to create a new business unit named Onshore Wind for managing its renewable projects, which LCE will be the only active party in.
Based in Denmark, the acquirer company is an energy company, while the target company is engaged in clean energy project development from greenfield concept to commercial operation.
Just Energy Group has completed the acquisition of Filter Group.
Just Energy has acquired all issued and outstanding shares of Filter Group as part of the transaction. It has also agreed to pay $15m in cash and earn-out payments of up to 9.5 million common shares.
The agreement also includes approximately $22m of Filter Group’s third-party debt and a shareholder loan.
Based in Canada, the acquirer company is engaged in providing electricity and natural gas commodities, energy efficiency solutions, and renewable energy options. Filter Group is a provider of subscription-based home water filtration systems to residential customers in Canada and the US.
Willdan Group has reached an agreement to acquire all outstanding shares of Lime Energy for $120m.
Willdan Group is engaged in providing technical and consulting services to utilities and public agencies. Lime Energy is engaged in providing energy consulting services. Both companies are based in the US.