Generac acquires BDC Capital-backed Neurio Technology
Generac Holdings Inc (NYSE: GNRC) has acquired Neurio Technology Inc, a Vancouver-based intelligent energy management technology company. Terms weren't disclosed. Founded in 2005 and led by CEO Keith Marett, Neurio provides software, hardware and data science solutions to optimize energy consumption and reduce energy-related costs in the home. Generac, a Waukesha, Wisconsin-based maker of power generation equipment products, said the acquisition accelerates its connectivity and remote monitoring strategy. Neurio was backed by BDC Capital's ICE Venture Fund and other investors. The BDC fund provided Neurio with $1.5 million of seed-stage financing in 2014.
19 March 2019•2 mins read
