Quantum Fuel Systems Technologies Worldwide and Schneider Power Inc. have completed their previously announced share exchange transaction, pursuant to which Quantum has acquired all of the issued and outstanding common shares of Schneider Power.
The transaction was effected by way of a plan of arrangement under the Business Corporations Act (Ontario). The companies anticipate that the transaction will create a more vertically and horizontally integrated company for both wind and solar power projects, as well as utilize cashflows from Schneider Power's producing assets and projects with development agreements.
SOURCE: Schneider Power
