ERM Power Limited (ASX:EPW) signed an agreement to acquire Greensense from Fabian Le Gay Brereton and Peter Tickler for AUD 5.3 million in cash on December 16, 2015. The purchase price will be funded out of cash. Greensense will continue as an independent team within ERM Power. The acquisition is expected to complete in January 2016 and is expected to earnings accretive from financial year 2017.

ERM Power Limited (ASX:EPW) completed the acquisition of Greensense from Fabian Le Gay Brereton and Peter Tickler on January 6, 2016.