European Green Transition PLC - Green economy asset developer - Enters agreement to acquire an additional 27% of Anemos Analytics Ltd. The deal will see EGT's interest in Anemos, the Scotland-based condition monitoring software technology group, rise to 79% from 52%. Anemos monitors wind turbines for early detection of component failure by using high-frequency data capture.
Co-founder and Executive Chair Cathal Friel says: "We have been thoroughly encouraged by the strength of its technology, early commercial traction and the clear strategic fit within our wind energy services business...We believe Anemos is well positioned to play a key role in extending the operational life and reliability of ageing wind fleets across the UK".
Current stock price: 9.50 pence
12-month change: up 28%
By John Robaina, Alliance News reporter
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