Energy, Utilities & Water  July 26, 2019

Federal regulators approve UQM merger with Danfoss

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LONGMONT — A federal regulatory group has cleared the way for Longmont-based UQM Technologies Inc. (NYSE American: UQM) to complete its $100 million merger with Danfoss Power Solutions (US) Co., a wholly owned subsidiary of Denmark-based Danfoss A/S.

With approval by the Committee on Foreign Investment in the United States — which reviews foreign investment in U.S. companies — the deal is expected to close July 31. Danfoss will acquire UQM common stock from shareholders for $1.71 per share.

UQM, a developer of alternative-energy technologies, announced the proposed merger in January. That deal came after the Committee on Foreign Investment in…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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