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