Building systems management giant Johnson Controls announced yesterday it has signed an agreement to acquire the EnergyConnect Group. EnergyConnect, based in Campbell, Calif., announced that this will be a cash deal totaling $32.3 million.
The demand response technology company EnergyConnect is best known for GridConnect, its software platform for enhancing electrical-grid efficiency, especially in the cases of regional shortages or peak pricing changes.
The system includes real-time monitoring of energy markets, as well as energy information.
"The $0.2253 per share acquisition price represents a significant cash premium of approximately 73 percent over the previous closing share price … Read more