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Vaughan Based Kontrol Energy to Acquire Building Solutions Company and Announces Private Placement

digital thermostatVAUGHAN, ON / ACCESSWIRE / May 19, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) (“Kontrol” or “Company”) a leader in the energy efficiency sector through IoT, Cloud and SaaS technology is pleased to announce that on May 16th, 2020, it entered into a binding agreement (the “Agreement”) to acquire a building energy and equipment monitoring company which operates a recurring revenue platform (“TargetCo”).

Highlights

TargetCo operates a building energy and equipment monitoring and service platform that helps ensure the effective operation and maintenance of essential heating, cooling and ventilation and utility systems. TargetCo provides its solutions to approximately 100 buildings, which in aggregate span more than 25 Million square feet of real estate

Full Article: oilandgas360.com

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