Thursday, January 7, 2021
Recent M&A Activity:
December 1, 2020: EAPC Wind Energy, a subsidiary of EAPC Architects Engineers, was acquired by Westwood Professional Services for an undisclosed amount. EAPC offers engineering and consulting services to wind farm developers. Westwood is a national surveying and engineering services provider for renewable energy and public infrastructure.
December 4, 2020: Stem Inc. agreed to go public through a reverse merger with Star Peak Energy Transition Corp., a special purpose acquisition company (SPAC). Stem provides artificial intelligence–powered energy storage services to commercial and industrial clients. The transaction was valued at $1.35 billion with Stem netting approximately $608 million in gross proceeds.
Ginkgo Bioworks Acquires Biotechnology Startup Novogy s Microbial Engineering Platform
Biotech leader will absorb Novogy s research codebase, technology, and technical expertise to support Ginkgo to scale platform capacity, bolster internal expertise
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BOSTON, Dec. 16, 2020 /PRNewswire/
Ginkgo Bioworks ( Ginkgo ), the organism company, today announced that it has recently completed an acquisition of the main assets of Novogy, Inc. ( Novogy ). Ginkgo will absorb Novogy s strain assets and IP portfolio and integrate Novogy s codebase and deep expertise in lipid production into Ginkgo s bioengineering platform. Most of Novogy s talented technical team has also joined Ginkgo, as Ginkgo continues to scale and harness the power of biology to meet increased demand for more sustainable, efficient sources of bio-based oils.