May 4, 2012: SCIenergy Completes Acquisition of Transcend Equity
SAN FRANCISCO — SCIenergy Inc., a leader in providing cloud-based energy management solutions for building owners and operators, announced that it has successfully completed the acquisition of Transcend Equity, a leader in delivering energy saving retrofits for commercial buildings.
As part of the deal, SCIenergy will maintain a joint venture agreement with Mitsui & Co. (U.S.A.) Inc., a leading trade and investment company and capital partner of Transcend Equity. SCIenergy said the acquisition positions it as a global leader in providing Energy Efficiency as-a-Service™.