Announced
Financials
Sources
Tags
cloud-based platform
Cross Border
Single Bidder
Acquisition
Pending
Majority
Renewable Energy Equipment
Friendly
Private
United Kingdom
Synopsis
Power Factors, a cloud-based asset performance management software solution for renewable assets, agreed to acquire Inaccess, the maker and provider of Unity. Financial terms were not disclosed. "The vision of linking plant insights to trading and real-time controls is among the most exciting area of the renewables market today. Open, smart, and autonomous tightly integrated tools will be required with the ever-increasing penetration of renewables onto the grid. The combination of Power Factors and Inaccess solutions will be transformational for the renewable energy industry. We welcome our new colleagues as we join forces and collaborate to drive the renewable energy transition," Gary Meyers, Power Factors CEO.
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