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New Deal


Announced

EnOcean to go public via merger with Parabellum Acquisition in a $120m deal.

Financials

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Transaction Value£101m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Electronic Components and Equipment

Single Bidder

Merger

Germany

De-SPAC

Majority

Reverse Takeover

energy harvesting

Friendly

IoT solutions

Cross Border

Private

Synopsis

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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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