Power

Fluence announces agreement to acquire Nispera AG

Fluence

Fluence has sent an agreement to acquire Nispera AG (Nispera). Fluence is already a leading global company that provides energy storage products, services and digital applications for renewable and storage.

“I am very excited to welcome Nispera, a customer-centric organization that at its core is aligned with our values and mission. That to transform the way we power the world,” said Manuel Perez Dubuc, Fluence President and Chief Executive Officer. “With this acquisition, we are primed to expand our portfolio of digital products and services for customers around the world. Furthermore, it represents a powerful cross-selling opportunity to offer energy storage products to owners of existing renewable energy assets and portfolios. As a result, we expect this transaction will enhance Fluence’s recurring revenue capture, adding visibility to future cash flow in the years to come.”

 Nispera, on the other hand is a company with base in Zurich. It provides artificial intelligence, and also machine learning-enabeled software-as-a-service (SaaS). It has as target the renewable energy sector, in which with its advance technology help the customers. The help run through the process of monitoring, analyzing, forecasting and optimizing the performance.

Transaction terms

There are customary closing conditions. Fluence´s third quarter is the closure date if everything goes as planned.

After the deal is close, team in Nispera will keep their leadership and the Zurich-base in Switzerland.

It´s expected all-cash buyout provisions, meant for all the private investors in Nispera, for $30 million. That is in addition to the cash payment.

You can also read “Fluence partners with Pexapark to advance data and AI solutions”

At last Nispera´s management team will have restricted stock over three years, this for retention purposed.

“Nispera accelerates our plan to grow our existing digital capabilities,” said Fluence Chief Digital Officer Seyed Madaeni. “We build a comprehensive digital product. It suits customers to understand better, control, dispatch, optimize, and maintain their renewable energy and storage assets. On its side, Nispera’s use of machine learning and AI complements the advanced applications already developing at Fluence. Nispera’s cutting edge technology will also support the broader Fluence ecosystem of energy storage products, services, and digital applications.”

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