FlexEnergy acquires Ingersoll Rand energy systems business

22 Oct 2010

US-based clean technology business FlexEnergy has signed an agreement to acquire NYSE-listed technology company Ingersoll Rand’s energy systems business.

The energy systems segment provides energy efficiency products, services and solutions including microturbines.

FlexEnergy has unveiled its Flex Powerstation technology that transforms harmful and previously unusable methane gas into clean energy.

FlexEnergy CEO Joseph Perry said, ‘The integration of our revolutionary Flex Powerstation with Ingersoll Rand Energy Systems’ technology will provide customer solutions that utilise the broadest range of fuel sources while generating the industry’s lowest emissions.’

Expected to close in the final quarter of this year, the proposed acquisition is subject to customary due diligence and the execution of definitive agreements.

Ingersoll Rand will be a minority investor in the combined entity following the closing of the transaction.

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