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Kontrol Energy Corp. (CSE:KNR, FSE:1K8) ("Kontrol" or

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Sam Dan Member Level  Monday, 04/30/18 06:24:20 PM
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Kontrol Energy Corp. (CSE:KNR, FSE:1K8) ("Kontrol" or the "Company") announces that it has completed the energy analytics acquisition previously announced on January 3, 2018. MCW Dimax Ltd. provides specialized solutions in the application of energy software to analyze the management of complex heating, ventilation and cooling systems for large residential, commercial, and mission critical real estate owners. With more than 10 years of operating experience and currently installed in over 120 buildings, spanning more than 12 million square feet of real estate, the software and related services are both robust and scalable. The acquisition has been structured as an asset purchase. "The acquisition will facilitate our growth in energy analytics and provide us with access to an existing customer base and approximately $1 million in annual recurring revenue with an anticipated 80% gross margin and 20% net margin," says Paul Ghezzi, CEO of Kontrol. "Our plan is to increase these revenues across our combined existing customer base and target expansion into the USA."

Kontrol Energy completes acquisition of the assets of MCW Dimax Ltd. (CNW Group/Kontrol Energy Corp.)

The purchase price for the Target is $1 million with $750,000 in cash and $250,000 in holdbacks subject to closing adjustments. No common shares of Kontrol will be issued as part of the transaction. The assets of MCW Dimax Ltd. will be merged into Kontrol and re-branded as a Kontrol technology and solutions offering.

About Kontrol Energy Corp.

Kontrol Energy Corp. (CSE:KNR, FSE:1K8) is a leader in energy efficiency solutions and technology. Through a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions.


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