Energy management company Ecova has grown its customer base by acquiring its competitor, the Siemens-backed Prenova.
Newly amalgamated energy and sustainability company Ecova will acquire Siemens-backed enterprise energy management company Prenova, it was announced on Monday, with the transaction set to close by the end of the year. The amount Ecova is paying is undisclosed.
US-based Prenova previously raised $34.9m in funding between March 2004 and December 2009 from investors including Siemens Venture Capital, the corporate venturing unit for electronics and home appliances manufacturer Siemens, as well as venture capital fund River Cities Capital Funds, private…
