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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: GlobalData
Provider: GlobalData

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Blue Earth Inc Closes Acquisition Of Intelligent Power Inc.

Thursday, 25 Jul 2013 05:30am EDT 

Blue Earth, Inc. announced that it has closed the acquisition of IP with patented demand response, cloud based, real-time energy management technology. The technology allows BBLU to provide energy monitoring and control solutions with real-time decision support to protect our customers' assets by preventing costly equipment failures and food product losses. The acquisition was through an exchange of 1,383,400 restricted BBLU common shares for all the ownership of IP. Approximately $200,000 in cash will be used to pay a brokerage fee and retire some debt. 

Company Quote

0.2 +6.90%
17 Apr 2014