Doosan Heavy Industries & Construction Acquires Seattle-based 1Energy Systems
July 11, 2016
Doosan Heavy Industries & Construction has acquired Seattle-based 1Energy Systems and will rename the business Doosan GridTech. The deal gives Doosan advanced distributed energy resource and energy storage management software capabilities and a stronger foothold in the U.S. market; 1Energy's roughly 30 MW of projects and team of about 25 employees will operate as a subsidiary of Doosan Heavy.
- Buyers
- Doosan Heavy Industries & Construction (DHIC)
- Targets
- 1Energy Systems (to be renamed Doosan GridTech)
- Sellers
- Employee-owners of 1Energy Systems
- Industry
- Energy
- Location
- Washington, United States
- Transaction Type
- Buyout
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