Finnish piston engine giant Wartsila has taken a major step into the energy storage business with the signing of an agreement to acquire Greensmith Energy Management Systems, US-based provider of "intelligent energy storage technology and solutions." Wartsila says the acquisition will "enable it to expand its footprint in the energy storage market and position itself as a leading global energy systems integrator." The closing of the transaction, which is subject to US regulatory approvals, was expected to occur no later than July 2017.
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