Generac To Acquire Ecobee Inc.

Nov 01, 2021•almost 4 years ago

Acquiring Company

Generac

Acquired Company

ecobee

WaukeshaEnergySustainabilityReal EstateFinancial ServicesCommerce And Shopping

Description

Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today announced the signing of an agreement to acquire ecobee Inc. (“ecobee”), a leader in sustainable smart home solutions, in a transaction valued up to $770 million contingent on the achievement of certain performance targets.

Company Information

Company

Generac

Location

Waukesha, Wisconsin, United States

About

Generac is a leading energy technology company committed to powering a smarter world. Our purpose is to lead the evolution to a more resilient, efficient, and sustainable world through our backup and prime power systems. As a company, we are committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generators.

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