ECOtality, Inc. (ETLY.OB) to Acquire Fourth Company this Year
ECOtality announced today that it has entered a definitive agreement to purchase all the assets and business of Minit-Charger - which is a subsidiary of Edison International, a NYSE-listed company – for $3 million. This strategic acquisition, combined with the previously announced acquisitions of Electric Transportation Engineering Corporation (eTec), Innergy Power Corporation and Fuel Cell Store, will provide the Company with a revenue base of subsidiaries who have a collective trailing twelve month revenues of $14.55 million for the period ending the third quarter of this year. ECOtality expects to close the acquisition within the next week. Since its beginning…