Sauer Energy has acquired 100% of the assets of Helix Wind Corporation for an undisclosed sum.
Helix will now be a division of Sauer Energy which intends to retain the brand name due to its prominent global exposure.
Sauer Energy is a developer of the patented WindCharger vertical-axis wind turbine while Helix Wind Corporation is a manufacturer of small vertical axis wind turbine systems.
Sauer Energy CEO and president Dieter Sauer said the company made the purchase using Sauer Energy common shares.
"We purchased only the assets, therefore there are no liabilities, no obligations or debt whatsoever to Sauer Energy," said Sauer.
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By GlobalDataThe company says the new acquisition will be a step towards generating more revenue by manufacturing the proprietary technology in America alongside the WindCharger and will also aggressively expand shareholder value.
Sauer Energy will use employ Helix’s intellectual property, issued patents and patents pending, proprietary monitoring system and software.
The company also intends to customise the monitoring system to allow WindCharger customers optional access to real-time performance data.
"We propose to offer both the Helix and Sauer Energy product lines to give us an increased market placement in small wind."
Sauer Energy will transfer the manufacture of Helix Wind turbines from Asia to America.
"I feel that both technologies have their place. This winning combination can provide Sauer Energy a superior advantage over the competition.
