Through its subsidiary Summit Southern Cross Power Holdings, Sumitomo Corporation has completed the acquisition of Infinite Energy Holdings.
The acquisition will enable the company to become a key player in the Australian electricity market.
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Based in Japan, Sumitomo Corporation is an integrated trading company engaged in different business sectors, while Infinite Energy Holdings is a US-based natural gas and electricity company.
Danfoss Power Solutions and UQM Technologies have signed a definitive merger agreement, under which Danfoss will acquire UQM for $100m, including the assumption of UQM’s debt.
The merger is subject to the approval of two-thirds of UQM shareholders and the Committee on Foreign Investment in the US, as well as being subject to other customary closing conditions.
It will be financed through Danfoss’s cash-in-hand and is scheduled to be completed by the second quarter of 2019.
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By GlobalDataBased in Denmark, Danfoss is a technology manufacturing company, while UQM is a US-based manufacturer of generators, electrical motors and other hybrid systems for commercial vehicles.
RWE has filed an application with the European Commission to acquire the renewable business of Innogy and E.ON.
The acquisition is the initial step of a merger control process that is required for the asset exchange between RWE and E.ON.
The EU antitrust regulators are expected to arrive at a final decision by 26 February.
RWE had agreed to divest a 76.8% interest in Innogy to E.ON and retain the renewable business, merging it with E.ON’s renewable assets in March 2018.
RWE will gain a 16.67% stake in E.ON, which plans to transfer a minority interest in the Emsland and Gundremmingen nuclear power plants operated by RWE. The agreement between the two companies is expected to be closed by the second half of 2019.
All the three companies involved in the deal are renewable energy companies based in Germany.
Environmental Energy Services (EES) has announced the acquisition of Delta Measurement & Combustion Controls (DMCCO) and Combustion Technologies Corporation (CTC).
The acquisitions will enable EES to strengthen its position as a complete solutions provider.
Based in the US, EES is a clean energy company dealing in energy-efficiency methods and pollution control, while DMCCO utilises patented extractive probe, designed for operating in applications containing heavy particulate and ash loading environments, and CTC is a provider of equipment and services for combustion optimisation.
