Las Vegas, NV -- (SBWIRE) -- 08/28/2013 -- Blue Earth Inc (OTCMKTS:BBLU) declared that the company purchased Millennium Power Solutions in $14.5 million. The company will pay the price by issuing 3,694,811 shares having value $ 10.9 million. It will also pay another $3.57 million in the form of earn out fee based on the quarter income of MPS.
Blue Earth said that the quantity of future shares will be calculated as 10% of net income of quarter MPS’ profit. The company hopes to extend its operations as well as income with the help of this acquisition.
Blue Earth, Inc. is a company that grows by mergers and acquisition. The company acquires other firms in clean-tech industry offering services in renewable energy market sectors. The Company offers technology for lighting, cooling, refrigeration, heating, and ventilation to houses as well as educational and health institutes.
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