M&A Deal Summary

Nostromo Energy Acquires Somoto

On June 21, 2021, Nostromo Energy acquired internet software and services company Somoto

Acquisition Highlights
  • This is Nostromo Energy’s 1st transaction in the Internet Software and Services sector.
  • This is Nostromo Energy’s 1st transaction in Israel.

M&A Deal Summary
Date 2021-06-21
Target Somoto
Sector Internet Software and Services
Buyer(s) Nostromo Energy
Deal Type Merger

Target

Somoto

Tel Aviv, Israel
Somoto is a software developer and publisher of the day-to-day struggle for gaining distribution and revenues. Somoto marketing, distribution, development, and automatic intelligent installation (Smart Installer) applications from advertisers, various monetization solutions, and solutions for tracking and reporting for applications installation for the personal computer (PC) on Windows, Mac, and mobile devices (mobile) environments, using advanced technology developed by the company. Somoto was founded in 2009 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Nostromo Energy

Shdema, Israel
Category Company
Founded 2016
Sector Renewable Energy
DESCRIPTION

Nostromo Energy is an ice-powered energy storage company that enables commercial and industrial buildings to become large-scale energy assets. This benefits building owners, the electric grid and ultimately pave the way for a carbon-free future. Nostromo’s revolutionary technology, the Nostromo IceBrick, stores energy during off-peak or surplus solar hours and uses it for cooling during peak hours. Nostromo’s solution is safe, clean, cost-effective, and highly modular, making it ideal for installation in existing commercial buildings and industrial facilities. Nostromo Energy was founded in 2016 and is based in Shdema, Israel.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
Country (Israel) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

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