Announced
Financials
Tags
Pending
Acquisition
Electronic Components and Equipment
Single Bidder
Merger
Germany
De-SPAC
Majority
Reverse Takeover
energy harvesting
Friendly
IoT solutions
Cross Border
Private
Synopsis
EnOcean, the developer of the patented energy harvesting wireless technology, agreed to go public via merger with Parabellum Acquisition, a special purpose acquisition company, in a $120m deal. According to Parabellum and EnOcean, EnOcean has pioneered and is a leader in energy harvesting based IoT devices, devoted to commercial buildings and smart spaces. The business combination is expected to provide EnOcean with growth capital to expand deployment of its innovative technology and provide capital for strategic acquisitions.
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