![]() The transaction will combine Stem’s unique storage optimization capabilities with AlsoEnergy’s market-leading solar asset performance monitoring and control software to deliver a compelling one-stop-shop solution for renewable energy projects. Under the terms of the agreement, Stem will acquire, on a cash-free debt-free basis, all the outstanding shares of AlsoEnergy for an aggregate purchase price of $695 million, consisting of approximately 75 percent of the total consideration in cash and approximately 25 percent in Stem common stock. ![]() ![]() (“AlsoEnergy”), a global leader in solar asset management software, announced today that the companies have entered into a definitive agreement whereby Stem will acquire AlsoEnergy, in a stock and cash transaction. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, and Also Energy Holdings, Inc. Underscores Stem’s focus on expanding global reach and delivering high-margin software products to front-of-meter and commercial & industrial customersĮxpands assets under management by 32.5 GW and international presence to 50+ countries Acquisition to combine two software-focused renewable energy companies leading the energy transitionĪccretive transaction expected to accelerate Stem’s growing, recurring software revenue and increase margins ![]()
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