UQM Technologies, Inc. (NYSE American: UQM) (“UQM” or the “Company”), a developer of alternative energy technologies, today announced that it has ente
Source: www.businesswire.com
UQM Technologies, Inc. has inked a definitive merger agreement to be acquired by a subsidiary of Denmark-based privately-owned company Danfoss A/S. This agreement will be an all-cash transaction totalling $100 million (including the assumption of UQM’s debt) at $1.71 per share. The transaction is expected to close in the second quarter of 2019, subject to approval by UQM’s shareholders and CFIUS. UQM Technologies is a manufacturer of electrical motors, generators, motor controllers, fuel cell compressor systems and hybrid systems for passenger and commercial vehicles.
