UQM Technologies, Inc. (UQM)

[Windbag1014]

You will get paid $1.71 per share. All cash transaction. There will be no shares of UQM after the close of the deal.

The Longmont, Colorado company, a developer of alternative energy technologies, announced the deal Monday, under which Danfoss will acquire all outstanding common shares of UQM for $1.71 per share in an all-cash transaction valued at approximately $100 million, including the assumption of UQM’s debt.

Danfoss, a privately-owned multinational company with reported sales of €5.8 billion in 2017 (2018 full-year results to be released on February 28), is a leading manufacturer of hydraulic systems, drives, motors, and components for the automotive, aerospace, HVAC, and energy industries.

The merger anticipates that UQM will become part of the Danfoss Power Solutions segment.