Acorn Energy Announces Purchase of OmniMetrix for $8.5M

Acorn Energy, Inc.

today announced the signing and closing of an agreement to purchase OmniMetrix, LLC, a leading developer and producer of remote monitoring equipment and systems for emergency power generators and underground pipelines. The purchase price is $8.5 million, subject to adjustment as provided in the purchase agreement. Pritchard Capital Partners served as an advisor to Acorn Energy in this transaction.