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

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.