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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)

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EQM Technologies & Energy Inc Announces Acquisition Of Vertterre Corp

Thursday, 27 Dec 2012 04:45pm EST 

EQM Technologies & Energy Inc announced that it has acquired all of the capital stock of Vertterre Corp., a mechanical and electrical engineering services firm providing energy efficient solutions for both new and existing government and commercial facilities (Vertterre), for approximately $1.5 million, consisting of $822,300 in cash, 1.0 million shares of EQM common stock valued at $0.40 per share, or $400,000 in total, and an unsecured subordinated note of EQM in the principal amount of $250,000. The seller may receive additional consideration based on a percentage of EQM`s profits generated by certain landfill gas activities of Vertterre. EQM obtained the consent of its credit facility provider to the transaction. 

Company Quote

0.03 +30.00%
7 Aug 2014