energy, deals, M&A
Helix Wind Agrees on Buyouts
Ryan McBride 8/18/09
San Diego-based Helix Wind (OTC:HLXW) said today it has inked non-binding agreements to acquire the business assets of Abundant Renewable Energy, of Newberg, OR, and Renewable Energy Engineering for $4 million to $6.5 million in cash and restricted stock in Helix Wind. Helix reports that the buyouts will add more products to its portfolio, including Abundant Renewable Energy’s 2.5 kilowatt and 10 kilowatt wind turbines. Bruce recently spoke with Helix about the firm’s vision of small-scale wind turbines on every rooftop.
Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.
