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Powin Acquires Eks To Deliver Fully Integrated Grid-Scale Energy Storage Systems

Sep 20, 2022•about 3 years ago

Acquiring Company

Powin

Acquired Company

EKS Energy

TualatinManufacturingRenewable EnergyEnergy StoragePower GridEnergy ManagementEnergy EfficiencySolarRenewable EnergyEnergyManufacturing

Description

Global energy storage platform provider Powin LLC (Powin) today announced the acquisition of EKS Energy (EKS), a leading provider of advanced power electronics and energy management solutions for energy storage and renewables. This transaction ensures new and existing Powin customers will receive enhanced product and technology offerings, enabling Powin to deliver a fully integrated grid-scale energy storage experience with supply chain security.

Company Information

Company

Powin

Location

Tualatin, Oregon, United States

About

Powin is an industry leader in energy storage, dedicated to mitigating the economic and environmental impacts of climate change by revolutionizing how energy is generated, transmitted, and distributed for utilities, IPPs, and consumers worldwide. Since 2010, Powin has deployed or has under construction over 17,000 MWh of energy storage systems. By building and rigorously managing a robust, reliable supply chain, Powin delivers the highest-value, cost-competitive storage solutions for utility, commercial and industrial, and microgrid applications.

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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