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EnerNOC to buy World Energy for $76M

Nov. 05, 2014 7:49 AM ETWorld Energy Solutions Inc (XWES) StockBy: Carl Surran, SA News Editor
  • World Energy Solutions (NASDAQ:XWES) +28.9% premarket after agreeing to be acquired by EnerNOC (ENOC) for $76M, or $5.50/share, a 32.5% premium vs. yesterday's closing price.
  • ENOC says the acquisition would add ~$30M to its annual recurring revenue; it says XWES' software is used by 4,000 companies.

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