The Week in Cleantech: July 8 – 14
Intrexon, a developer of synthetic biology technology solutions for industries including biofuels and agriculture, filed for a $125 million IPO to be listed on the NYSE. The company, founded in 1998, recently raised $150 million in private capital in the second quarter, the majority of which came from undisclosed new investors.
In another piece of positive news for the biofuels space, Heliae, an Arizona-based developer of algae production technologies, raised $28.4 million in growth equity from Salim Group, the Mars Family, and Thomas J. Edelman. The financing will be used to support the operation and expansion of Heliae’s first commercial facility in Arizona.
BiOWiSH Technologies, a Chicago-based maker of composite biocatalysts with applications breaking down organic material in agronomy, aquaculture, wastewater treatment and consumer products industries, raised $11.7 million from Jado Investments and Saturn Partners.
Smart lighting company Redwood Systems was acquired for an undisclosed amount by CommScope, a global provider of network equipment and services. Redwood had raised more than $34 million from Battery Ventures, Index Ventures, US Venture Partners, and Mitsui.
The assets of Tioga Energy, a commercial rooftop solar developer which announced in the second quarter that it was winding down operations due to an inability to secure financing, were acquired by sPower, an independent power producer focused on developing and acquiring renewable projects.
Invensys, which makes intelligent communications and process automation technologies for industries including electric power and oil & gas, has reportedly received a takeover offer from Schneider Electric amounting to $5 billion. Invensys had sold its rail division to Siemens in April, reportedly to offload pension liabilities and make it more attractive for such a takeover offer.
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