World Energy acquires EnergyGateway
World Energy purchased substantially all of the assets of EnergyGateway for $4.95 million in cash and 5.375 million common shares of World Energy.
According to World Energy, the acquisition significantly strengthens the company’s presence in the natural gas market, to complement its substantial position in electricity. Together, the two companies now offer an expanded suite of online tools, a broader national footprint including the Midwest and the commercial and industrial markets, and a strong
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