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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