By Kathie Zipp The technology group Wärtsilä has signed an agreement to acquire Greensmith Energy Management Systems Inc. (Greensmith), a US-based leader in intelligent energy storage technology and solutions, for an undisclosed amount.
The acquisition of Greensmith will enable Wärtsilä to expand its footprint in the energy storage market and position itself as a leading global energy systems integrator. The closing of the transaction is subject to US regulatory approvals. Ownership of the company will be transferred to Wärtsilä after closing of the transaction which is expected to occur no later than July 2017.
Founded in 2008, Greensmith is a recognized leader in energy storage
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