Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

WaterFurnace Announces Acquisition Of 5% Ownership Position In GI Endurant

6/29/2012 6:23 PM ET

WaterFurnace International Inc. announced the acquisition of a 5 percent ownership position in GI Endurant, LLC. As per the agreement, WaterFurnace will also supply equipment to GI Endurant. Terms of the deal were not disclosed.

GI Endurant was born from the acquisition of Chicago-based Endurant Energy, LLC by UK-based Geothermal International Ltd. GI Endurant's core business was built around sustainable distributed energy and power generation assets. It focuses on Combined Heat and Power projects that provide clean and reliable electricity, thermal energy and back-up power, as well as ground source heat pump projects.

Click here to receive FREE breaking news email alerts for WaterFurnace Renewable Energy, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks have moved mostly higher over the course of the trading day on Monday, recovering from an early move to the downside. The turnaround by the markets extends a recent trend of traders buying on early dips, often leading to a higher close. The major averages have seen some further upside in recent trading, reaching new highs for the session. A second union representing immigration enforcement officers has expressed opposition to the Senate version of comprehensive immigration reform legislation, arguing that the bill fails to address the "insurmountable bureaucracy" at the agency that oversees lawful immigration to the U.S. Thailand lowered its full-year growth outlook after weaker domestic demand and exports weighed on economic activity in the first three months of the year. Gross domestic product expanded 5.3 percent year-on-year in the first quarter of 2013 compared to an upwardly revised 19.1 percent growth in the fourth quarter of 2012, the National Economic and Social Development Board (NESDB) said Monday.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.