Energy & Sustainability M&A Activity – April 2021

Mintz - Energy & Sustainability Viewpoints

Recent M&A Activity:

  • March 2, 2021: Pineapple Energy, an operator and consolidator of residential solar, battery storage, and grid services solutions, entered a definitive merger agreement with Communications Systems, a provider of IoT intelligent products and services. Upon completion of the transaction, the combined company will operate as Pineapple Energy.
  • March 10, 2021: Northvolt, a Swedish battery manufacturer, acquired Cuberg, Inc., a US-based battery technology company that develops high-performance lithium metal cells for commercial use in the automotive sector. The acquisition will allow Northvolt to establish an advanced technology center in Silicon Valley.
  • March 22, 2021: Nuvve Holding Corp. completed a merger with Newborn Acquisition, a special purpose acquisition company. In connection with the transaction and related private placement, Nuvve received approximately $62 million in cash proceeds.

*Source: PitchBook

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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