Just Energy Announces Closing of the Acquisition of its Shares of ecobee Inc. by Energy Tech Company -- EnergyChoiceMatters.com

Just Energy Announces Closing of the Acquisition of its Shares of ecobee Inc. by Energy Tech Company

December 1, 2021

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Reporting by Paul Ring • ring@energychoicematters.com

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Just Energy Group Inc. ('Just Energy' or the 'Company') announced that Generac Holdings Inc. ('Generac') has closed its acquisition of ecobee Inc. ('ecobee'), including all of the ecobee shares held by Just Energy.

Terms of the acquisition were first announced November 1, 2021 (see prior story here).

On closing, the Company received approximately CAD $15 million in cash and 80,281 common shares of Generac

Aaron Jagdfeld, president and chief executive officer of Generac, stated, "With the addition of ecobee and its energy management products focused on conservation, convenience, peace of mind and comfort, we will be able to further build out Generac’s suite of offerings around an intelligent home energy ecosystem. Such a system will help homeowners save money on their energy costs and allow grid operators to better balance supply and demand in more cost-effective ways."

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