Companhia Energetica de Minas Gerais plans to divest its stake in Light SA, a Brazilian provider of power supply solutions.
The company intends to use the divestment proceeds to clear its debt.
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Also based in Brazil, Companhia Energetica de Minas Gerais is engaged in power generation, transmission and distribution.
Advanced Energy Industries has signed an agreement to acquire LumaSense Technologies Holdings for $85m a debt-free basis.
The acquisition is expected to enable Advanced Energy to expand its sales in core semiconductors and thin film applications while expanding its exposure to industrial applications for material processing and power management.
The transaction will enable LumaSense Technologies to deliver more innovative products and solution synergies to both LumaSense and Advanced Energy customers worldwide.
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By GlobalDataThe acquirer is engaged in developing power and control technologies, while the target company is a provider of temperature and gas sensing devices.
Both companies are based in the US.
KfW Group has agreed to purchase a 20% interest in Eurogrid International from Belgian-based Elia System Operator.
Elia has acquired the remaining 20% stake in Eurogrid from management service provider IFM Investor by exercising its pre-emption right.
Both based in Germany, KfW Group is a state-owned bank, while the target company holds 50Hertz Transmission, a power transmission systems operating company.
Woodford Investment Management has divested its 4.89% stake in Drax Group.
The company will hold a 5% stake in Drax Group, following the transaction.
Woodford is a private equity firm, while Drax Group is engaged in renewable energy generation. Both parties are based in the UK.
AlsoEnergy has acquired Draker Corporation, a US-based company engaged in delivering solar performance and asset management solutions.
The transaction will enable AlsoEnergy to provide software, hardware and control solutions to a range of solar, wind and storage assets across the world.
AlsoEnergy is a US-based renewable energy software solutions supplier.
