M&A Deal Summary

Kore Power Acquires Northern Reliability

On March 24, 2022, Kore Power acquired energy services and equipment company Northern Reliability

Acquisition Highlights
  • This is Kore Power’s 1st transaction in the Energy Services and Equipment sector.
  • This is Kore Power’s 1st transaction in the United States.
  • This is Kore Power’s 1st transaction in Vermont.

M&A Deal Summary
Date 2022-03-24
Target Northern Reliability
Sector Energy Services and Equipment
Buyer(s) Kore Power
Deal Type Add-on Acquisition

Target

Northern Reliability

Waterbury, Vermont, United States
website
Northern Reliability provides custom power and energy storage solutions for all applications. The company's products scale to meet any energy demand and are designed to operate under any condition around the world using cleaner power derived from sunlight, wind, and conventional fuel sources. Thoroughly tested technologies alongside state-of-the-art electronics and controls ensure long-lasting reliability. Northern Reliability was formed in 2007 and is based in Waterbury, Vermont.

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Buyer(S) 1

Buyer

Kore Power

Coeur d'Alene, Idaho, United States

website

Category Company
Founded 2018
Sector Utilities
DESCRIPTION

Kore Power is a developer of battery cell technology for the clean energy industry, serving energy storage, e-mobility, utility, industrial and mission-critical markets across the globe. The company designs and manufactures its proprietary NMC and LFP cells, VDA modules, and packs, optimized by the battery management system. Through its global partnerships, KORE designs and manufactures top-tier energy storage systems (ESS). Its differentiated approach provides customers with direct access, unparalleled service, superior technology, and Tier 1 product availability. Kore Power was formed in 2018 and is based in Coeur d'Alene, Idaho.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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