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ARTG, GRHU, ORCL, NDSN - Acquisitions In The Evening News - Art Technology Group, GreenHouse Holdings, Oracle Corp, Nordson Corp

|Includes: Art Technology Group Inc. (ARTG), NDSN, ORCL

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GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, today announced the signing of a Letter of Intent to acquire Control Engineering, Inc (NYSEMKT:CEI). Headquartered in Costa Mesa, California and serving clients globally, CEI provides turnkey automation and control solutions including engineering, installation and integration services. Experts in multiple technologies and applications, CEI’s client base includes recognizable brands from a wide range of industries including pharmaceutical, food, beverage, utility, military and consumer goods.

The acquisition, when consummated, is expected to significantly increase gross margins in GreenHouse’s Energy Services Division via vertical integration of CEI’s business. The acquisition is also expected to provide cross-selling opportunities of GreenHouse products and services to CEI’s existing clients.

“We are excited to have executed the Letter of Intent with CEI and believe this combination will be beneficial to the shareholders of both companies,” said John Galt, Executive Chairman of GreenHouse. “CEI has a stellar reputation of service to Fortune 500 clients over its 16-year history, and the acquisition should represent a significant step in executing our strategy to expand our energy efficiency and load reduction programs to commercial, industrial and governmental clients,” continued Galt.

GreenHouse Holdings, Inc.

is a San Diego, California based integrator of some of the world's most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, industrial and government markets around the globe. GreenHouse provides energy-efficiency products, energy management systems, eco-friendly infrastructure, scalable waste-to-fuel bio-fuel and closed loop systems, as well as other proprietary technologies and products that are utilized to provide a greener and safer future for millions of people. Other flagship products and solutions include the Green Village, R.A.P.S., and One Link. For more information, please visit: www.greenhouseintl.com or the GreenHouse YouTube channel at http://www.youtube.com/greenhouseintl or follow GreenHouse on Twitter @greenhouseintl.

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Art Technology Group, Inc. (NASDAQ:ARTG), the leading provider of eCommerce software and related on demand commerce optimization applications, reported that it has agreed to be acquired by Oracle Corporation (Nasdaq:ORCL) for $6.00 per share in cash, or approximately $1.0 billion. The transaction is subject to stockholder and regulatory approval and other customary closing conditions and is expected to close by early 2011.

ARTG’s revenue for the third quarter of 2010 grew to $50.3 million, a 16% increase over third quarter 2009 revenue of $43.4 million

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Nordson Corporation (Nasdaq:NDSN) reported the completion of its acquisition of St. Paul, Minnesota-based Micromedics Inc., a leader in applying and dispensing biomaterials for controlling bleeding, healing wounds and other related medical procedures. Terms of the deal were not disclosed.

 

 

 

 

 

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