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Foresight to acquire Harmony Energy for £190.8m

Mar 17, 2025•9 months ago

Acquiring Company

Foresight

Acquired Company

Harmony Energy Income Trust

San FranciscoUnited KingdomEnergy StorageRenewable EnergyOil And GasEnergy

Description

Foresight has made a £190.8 million takeover offer for Harmony Energy Income Trust. The proposal values HEIT at 84p per share, a 29% premium over its recent closing price. The HEIT board indicates it would consider recommending the offer to shareholders. This acquisition reflects the growing interest in renewable energy investments.

Company Information

Company

Foresight

Location

San Francisco, California, United States

About

Standards-based, rock-solid financial model templates used by 35,000 entrepreneurs and investors for forecasting and fundraising for any type of business - SaaS, ecommerce, marketplaces, hardware, apps, subscriptions, and more.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed