Productivity Software | Boston, MA | Corporate Acquisition
Enel Green Power North America, an Enel Group subsidiary, has agreed to acquire EnerNOC, a provider of demand-response solutions and energy intelligence software, for $7.67 per share. The all-cash transaction values the target company at $300 million, including net debt, a 42% premium to EnerNOC's closing share price on Wednesday. Enel is an Italian operator of gas and electricity in over 30 countries, with a managed capacity of about 85 GW. Shares of EnerNOC (NASDAQ: ENOC) gained nearly 42% Thursday.