Tag Archives: purchases

Energy Conversion Devices (ENER) To Buy Solar Integrated Technologies

Energy Conversion Devices just announced the purchase of Solar Integrated Technologies. Energy Conversion Devices paid $16.3 million to buy the PV roofing system manufacturer and installer and assume the company’s debt. They will pay about .11 per Solar Integrated Technology share.  Energy Conversion Devices plans to fund the purchase using existing corporate funds.

In a press release, executives from both companies commented on the deal:

Mark Morelli, ECD’s president and chief executive officer said, “The … Read the rest

Covanta (CVA) Will Purchase Energy-to-Waste Facilities From Veolia Environmental

Covanta Holdings Corp just announced the purchase of 7 energy-from-waste facilities from Veolia Environmental. Covanta is paying $450 million in cash for the 7 facilities, which are expected to generate $60 million in operating cash flow for the company next year in 2010.

In a story posted on Reuters, the company released the following statement about the purchase:

“Each of the seven EfW businesses to be acquired includes a long-term operating contract with the … Read the rest