Redwheel, a UK-based specialist investment manager, agreed to acquire Ecofin, an investment company domiciled in the United Kingdom. Financial terms were not disclosed. "We welcome the expertise and resources which Redwheel will offer to Ecofin and EGL. We are pleased that EGL's portfolio manager, Jean-Hugues de Lamaze, and the rest of Ecofin's investment team will all transfer to Redwheel. The strategy and investment process for EGL will remain unchanged," David Simpson, Ecofin Chairman.