Juhl Wind Inc. (JUHL.OB) Reports Purchase of Next Generation Power Systems
Juhl Wind Inc. (Juhl) said today that it has purchased Next Generation Power Systems (NGPS) for 133,213 shares of Juhl stock. Juhl, which just went public in June, 2008, wants to take advantage of the anticipated growth in the demand for renewable energy sources. NGPS served a subsection of the wind power market not previously covered by Juhl. However, the companies were not unknown to each other prior to the merger and integration of NGPS into Juhl may be eased by the fact that Dan Juhl, current CEO of Juhl was also a shareholder of NGPS. Juhl focuses on the…