CBD Energy Acquires Green Earth Developers
CBD ENERGY LTD ORDINARY SH (CBDE)
Company Research
Source: Business Wire
Enhances U.S. construction capability for solar projects Delivers an experienced executive team with deep industry experience More than 50% of the acquisition cost paid for with restricted stock Over 11.5MW installed in the past year with a strong pipeline NEW YORK & SYDNEY--(BUSINESS WIRE)-- CBD Energy Limited (CBD; NASDAQ: CBDE) has acquired Green Earth Developers (GED) for cash plus restricted shares of CBD common stock. GED installed in excess of 11.5MW in the past year and is negotiating on projects well in excess of this figure. CBD, which operates as Westinghouse Solar, Inc. in the U.S., acquired GED to accelerate its expansion in the U.S. commercial solar market. GED is recognized for delivering high-quality, turnkey renewable energy projects, with a focus on large commercial- and utility-scale solar projects. This acquisition complements
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