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Bids, Mergers and Takeovers

Aggreko invests in smart energy

03 July 2017 07:47

Aggreko has announced a £40m agreement to acquire Younicos, a global market leader in the development and deployment of integrated energy systems, based on battery storage.

Aggreko said the acquisition strengthened its position as global energy markets continued to evolve and was in line with its strategy to invest in technology in order to reduce the cost of energy for customers. It said: "Younicos delivers smart energy solutions integrating battery storage, which are modular and scalable.

"Its knowledge of batteries combined with proprietary control systems, enables the seamless integration and management of all forms of power, including thermal, renewable and battery energy resources; this is becoming critical in an increasingly distributed energy market."

Story provided by StockMarketWire.com

Related Company: AGK

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