Monday, April 14, 2014

Xtreme Power Assets Acquired By German Company

Kyle, Texas-based energy storage and management startup Xtreme Power's assets have been acquired by a German Company, Younicos Inc.. According to Younicos, which is a subsidiary of German company Younicos AG, it acquired Xtreme Power in the Chapter 11 auction in the US District Bankruptcy Court of West Texas. Financial details of the buy were not announced. Xtreme Power had filed for Chapter 11 bankruptcy in January. Younicos said the buy would help bolster its large scale storage solutions.