Tech Company M&A Transactions
Viridity Energy Acquisition
Viridity Energy, based in Philadelphia, was acquired by Ormat Technologies. The transaction price was $35 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/3/2017
Transaction Type
M&A
Amount
$35,000,000
M&A Terms
Initial consideration for the acquisition is $35 million, which will be paid at closing and is subject to adjustment in certain cases. Additional contingent consideration will be payable in two installments upon the achievement of certain performance milestones measured at the end of fiscal years 2017 and 2020.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
1801 Market Street 2701
Philadelphia, PA 19103
USA
Philadelphia, PA 19103
USA
Phone
Website
Email Address
Overview
Viridity Energy provides large energy consumers with powerful tools to increase energy efficiency and create energy revenues.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Mack Treece
Chief Technical Officer
John McGee
President
Raj Chudgar
VP - Sales
Eric Alam
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