Fluence to acquire software-as-a-service solutions provider

Fluence Energy Inc. on April 11 said it agreed to acquire Nispera AG, a Zurich-based provider of artificial intelligence and machine learning-enabled software-as-a-service.

Nispera's software collects and analyzes data from wind, solar and hydro assets and other external sources in more than 25 countries. Its flagship platform has 8 GW of assets under management across 450 wind and solar projects worldwide.

Through the deal, the companies would have a combined digital portfolio of 15 GW of assets contracted or under management.

"With this acquisition, we are primed to expand our portfolio of digital products and services for customers around the world. Furthermore, it represents a powerful cross-selling opportunity to offer energy storage products to owners of existing renewable energy assets and portfolios," Fluence President and CEO Manuel Perez Dubuc said.

The deal includes an approximately $30 million all-cash buyout provision for Nispera's private investors. Nispera will operate under the Fluence brand name after the transaction closes, which is expected to occur in Fluence's fiscal third quarter.

Fluence said it expects the deal to be EBITDA accretive by 2024.

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