Danfoss completes UQM acquisition

LONGMONT  — Danish alternative power company Danfoss A/S has closed its $100 million acquisition of UQM Technologies Inc. (NYSE American: UQM).

The Longmont-based electric motor company first announced the deal in January as a strategic move to compete with larger companies producing motors, and give Danfoss a North American plant to operate out of in the electric segment.

UQM stocks were delisted from the NYSE American exchange for small-cap companies Friday morning at $1.71 per share, the agreed-upon price for shares when the deal was announced earlier this year.

“The…