Deal snapshot: SOLAREDGE CLOSES ACQUISITION OF EQUITY STAKE IN SOUTH KOREA-BASED KOKAM.
MANews-(C)2009-2018
California, US-based smart energy technology provider SolarEdge Technologies, Inc. (NASDAQ: SEDG) has closed the acquisition of a stake South Korea-based energy storage solutions company Kokam Co., Ltd., the company said.
The acquisition of approximately 75% of outstanding equity shares of Kokam reflects an aggregate investment of approximately USD 88m, including related transaction expenses. The transaction is subject to customary closing conditions and is expected to close in the coming weeks.
Country: South Korea
Sector: Electronics
Target: Kokam Co...
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