Acorn Energy's OmniMetrix acquires Gen-Tracker business for $3.5M

ACORN ENERGY, INC.

OmniMetrix subsidiary buys all Gen-Tracker standby generator monitoring assets from Generator Solutions for $3.5M.
$1M paid at closing; $450k due on each of first four anniversaries; $700k on fifth anniversary.
Acquired assets include customer accounts, dealer relationships, trade names, trademarks, technology, AR, and hardware inventory.
OmniMetrix also leases commercial premises in Oakdale, MN for one year at $108k annual rent ($9k/month) from Seller affiliate.

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