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.

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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.

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