Emissions control manufacturing unit sale completed

Acorn Energy Inc. (Nasdaq: ACFN) completed the sale of its CoaLogix Inc. unit for $101 million, before certain adjustments, to funds managed by Energy Capital Partners.

Acron Energy owned 65 percent of CoaLogix, while EnerTech Capital and CoaLogix management held the rest.

UBS Investment Bank acted as exclusive financial advisor to CoaLogix. Merriman Capital Inc. advised Acorn Energy in connection with the transaction.

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