UQM merger pushed back as CFIUS extends investigation period

LONGMONT —  The merger of UQM Technologies Inc. (NYSE American: UQM), a developer of alternative energy technologies for electric vehicles, and Denmark-based Danfoss Power Solutions (US) Co. may take a bit longer to complete than initially anticipated.

The company announced this week that the Committee on Foreign Investment in the United States, a regulatory body the reviews foreign investments in American firms, is extending the period of time it has allotted to investigating the transaction.

The merger with Danfoss Power Solutions, a division of Danfoss A/S, was approved by UQM shareholders in…