Kontrol Energy has completed the acquisition of Efficiency Engineering for C$2.23m ($1.76m).

Of the transaction, a total of C$0.63m ($0.5m) is paid in cash and the remaining by issuing 1,210,816 million common shares at a price of C$0.7433 ($0.60) each.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Both companies are suppliers of energy-efficiency solutions and services.

The acquisition is expected to help Kontrol Energy to provide turnkey energy-efficiency solutions to its customers while minimising greenhouse gas emissions.

Energy services provider GATE has announced the completion of the acquisition of PDI Solutions.

See Also:

The acquirer expects to increase its client base, expand into new sectors and grow its business through the energy value chain.

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.
"The acquisition is expected to help Kontrol Energy to provide turnkey energy-efficiency solutions to its customers while minimising greenhouse gas emissions."

PDI Solutions is engaged in providing operation, maintenance and inspection services to upstream and midstream companies.

Power generation and distribution company Saeta Yield has agreed to purchase Lestenergia-Exploração de Parques Eólicos from ProCME – Gestao Global de Projectos for €104m ($123.3m).

The acquisition falls under the right of first offer (RoFO) agreement made between Saeta Yield and Grupo ACS, the parent company of ProCME – Gestao Global de Projectos.

The target company operates nine Portugal-based wind farms, which have a combined capacity of 144MW.

On 27 July, Saeta Yield reached an agreement with a syndicate of six Spanish and international financial institutions for a €120m ($142.28m) revolving credit facility for funding the acquisition.

The acquirer expects to advance its international growth strategy and increase shareholder value through the deal.