Generac Acquires Apricity Code, Off Grid Energy For Undisclosed Sum

Generac Holdings Inc GNRC has acquired Apricity Code Corporation and Off Grid Energy Ltd for undisclosed financial terms.
Apricity Code is an advanced engineering and product design company located in Bend, Oregon. Generac expects this addition to accelerate its efforts to provide a broader energy technology portfolio.
Off Grid Energy, located in Rugby, U.K., is a designer and manufacturer of industrial-grade mobile energy storage systems. Their products are focused on developing solutions that improve efficiency and minimize environmental impacts by reducing fuel consumption and cutting CO2 and NOx emissions.
Generac held cash and cash equivalents of $390.09 million as of June 30, 2021.
Price Action: GNRC shares are trading higher by 0.25% at $438.09 on the last check Wednesday.

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