Servidyne to Be Acquired by Privately Held Scientific Conservation Inc. for $13 Million

Posted in Efficient Appliances on June 27th, 2011 by News Desk –

Photo by Archana Pandey

Atlanta – Servidyne, a provider of energy efficiency and demand response technology, has agreed to be acquired by Scientific Conservation, a privately held provider of predictive diagnostics and analytics technology supporting energy efficiency in commercial buildings.

Scientific Conservation has agreed to pay $3.50 per share for Servidyne (NASDAQ: SERV), or about $13 million total — a premium of about 50% over the company’s closing share price last week.

The acquisition, which is expected to close before the end of this October, is subject to approval by Servidyne’s shareholders. As a result of the acquisition, Servidyne would no longer be a publicly traded company.

Scientific Conservation offers its energy management software technology through a software-as-a-service (SaaS) platform to help reduce annual energy spending, by comparing predicted energy and system efficiencies against real-time operation.

Servidyne provides energy efficiency and demand response solutions, sustainability programs, and other products and services that enhance the operating and financial performance of existing buildings.


Servidyne website

Scientific Conservation Inc. website

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