Building Turbines has entered into a letter of intent (LOI) to acquire Eco-Wind Solutions (EWS), for an undisclosed sum.
Complete terms of the transaction were not disclosed.
Sales staffs from both companies can begin cross-selling each company’s products effective immediately, under the terms of the acquisition.
Building Turbines CEO John Graham said the LOI will afford technology and sales to Building Turbines while providing ready-to-ship and ready-to-implement products to EWS.
"The combination of the BT5000 vortex unit and the Windtronics Honeywell Wind Generator unit will bring consumers ultimate wind energy production capacity, LEED registration points, and Federal and State certified alternative energy credits," said Graham.
EWS president Janet Asarch said the company is pleased to be joining forces with Building Turbines.
"We at EWS we establish a solid domestic book of business, I can envision our customers with international operations also wanting to deploy our renewable energy wind products in their operations worldwide," said Asarch.