ABM Industries acquires RavenVolt for up to $450 million

ABM Industries has acquired RavenVolt, a microgrid systems provider, for a maximum purchase price of $450 million including $170 million cash at closing and up to $280 million earn-out based on EBITDA targets.

“Besides the clear synergies with our eMobility and Power businesses, RavenVolt also increases our opportunities in Manufacturing & Distribution, Education, and through our Bundled Energy Solutions offerings.”finance.yahoo.com

• 1 source
• finance.yahoo.comABM Industries (ABM) Announces the Acquisition of RavenVoltZacks Equity ResearchAug 19, 2022

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