Smartcool Systems to acquire Total Energy Concepts
TEC is a Baxter, Minn.-based distributor of Smartcool products and other energy efficient items.
Smartcool Systems Inc., Canada, announced plans to acquire Total Energy Concepts Inc. (TEC). The letter agreement contemplates that TEC will merge into a wholly-owned subsidiary of Smartcool, thus creating a new TEC division.
TEC is a Baxter, Minn.-based distributor of Smartcool products and other energy efficient items, including power factor correction equipment (PFC), voltage conditioning units (VCU) and intelligent generator optimization systems (IGOS).