in News Departments > FYI
print the content item

Tower Tech Holdings Inc., a wind power equipment components manufacturer based in Manitowoc, Wis., has agreed to acquire RBA Inc., a fabricator of components for energy-related industries, including wind turbine erection cranes.

Because RBA is located on the same 46-acre peninsula as Tower Tech, the companies can combine their operational resources, notes Tower Tech.

"The acquisition of RBA expands the range of fabricated products manufactured by Tower Tech for the projected energy-related infrastructure build-out in North America," says Steve Huntington, chief financial officer of Tower Tech. "The equipment manufactured by RBA utilizes similar labor capabilities as our wind tower business, which will enhance the efficiency of our combined operations."

Under the terms of the agreement, RBA shareholders will receive $5 million in cash as consideration for all of the outstanding shares of RBA. Tower Tech will use internal funds to finance the acquisition.


Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008
UnitedEquip_id1995