Renewable energy company OX2 to buy ESCO Pacific for $85 mln

The transaction is expected to close by the end of April, OX2 said. The purchase price is on a debt free basis, and there is a contingent consideration of up to 17 million Australian dollars to the founder based on sales and margins in 2025-2027 from ESCO Pacific's development portfolio.

Swedish renewable energy company OX2 said on Friday it has signed an agreement to acquire Australian renewable developer ESCO Pacific for 126 million Australian dollars ($84.61 million). The transaction is expected to close by the end of April, OX2 said.

The purchase price is on a debt free basis, and there is a contingent consideration of up to 17 million Australian dollars to the founder based on sales and margins in 2025-2027 from ESCO Pacific's development portfolio. ($1 = 1.4892 Australian dollars)