M&A Deal Summary

ECOtality Acquires Electric Transportation Engineering

On November 7, 2007, ECOtality acquired renewable energy company Electric Transportation Engineering for 6M USD

Acquisition Highlights
  • This is ECOtality’s 2nd transaction in the Renewable Energy sector.
  • This is ECOtality’s largest (disclosed) transaction.
  • This is ECOtality’s 3rd transaction in the United States.
  • This is ECOtality’s 1st transaction in Arizona.

M&A Deal Summary
Date 2007-11-07
Target Electric Transportation Engineering
Sector Renewable Energy
Buyer(s) ECOtality
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

Electric Transportation Engineering

Phoenix, Arizona, United States
Electric Transportation Engineering Corp. is a provider in the research, development and testing of advanced transportation and energy systems. eTec specialize in the fields of alternative-fuel, hybrid (HEV) and electric vehicles (EV) and infrastructures.

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Buyer(S) 1

Buyer

ECOtality

San Francisco, California, United States
Category Company
Founded 1999
Sector Renewable Energy
Employees155
DESCRIPTION

ECOtality, Inc. is a renewable energy company that acquires and commercially advances clean electric technologies and applications.

DEAL STATS #
Overall 3 of 3
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Arizona) 1 of 1
Country (United States) 3 of 3
Year (2007) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-21 Innergy Power

San Diego, California, United States

Innergy Power Corp. is a provider in the design and manufacture of thin sealed rechargeable lead batteries and high quality flat-panel multi-crystalline solar modules.

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