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New Deal


Announced

Completed

Powin completed the acquisition of EKS Energy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Spain

Energy / Utility Services

Friendly

power electronics

Majority

Single Bidder

Acquisition

Private

energy management solutions

Cross Border

Synopsis

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Powin, an energy storage platform provider, completed the acquisition of EKS Energy, a provider of advanced power electronics and energy management solutions for energy storage and renewables. Financial terms were not disclosed. “The EKS acquisition will give us direct access to an industry-leading team, their power conversion technology, advanced controls, and decade’s worth of experience; enabling Powin to offer a fully wrapped solution to further enhance the customer experience. This landmark deal accelerates our mission to building the grid of the future by delivering safe, scalable and integrated storage solutions,” Geoff Brown, Powin CEO.

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