Consortium acquires CODA Energy.
M2 EQUITYBITES-June 26, 2013-Consortium acquires CODA Energy(C)2013 M2 COMMUNICATIONS http://www.m2.com
26 June 2013 -- Fortress Investment Group (NYSE: FIG) has led a consortium of investors in acquiring the core technology, engineering and energy storage assets of CODA Holdings, Inc., as well as its key contracts and partnerships, to form the foundation of a new company that will carry over the brand name CODA Energy.
The assets were acquired from CODA Holdings' reorganization proceedings in a "Section 363" sale that closed on Friday.
CODA Energy designs and builds scalable energy storage solutions that support a smarter, cleaner and more reliable grid. Ed Solar and Pete Nortman will co-manage the company.
CODA Energy designs and builds scalable energy storage solutions that support a smarter, cleaner and more reliable grid. Visit codaenergy.com for more information
USD 1 = 0.64867 GBP
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