By [email protected] EnerNOC, the biggest U.S. demand response provider and an important player in energy software, has found a buyer to help with its financial difficulties — and to put its business to work on a global scale.
Italy’s Enel announced Thursday that its U.S. subsidiary, Enel Green Power North America, will acquire Boston-based EnerNOC for about $7.67 per share, or a 42 percent premium over yesterday’s share price. Enel’s press release calculates the offer’s value at about $250 million, excluding debt, while EnerNOC’s press release added this debt to yield an enterprise value of more than $300 million.
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