Edge Autonomy Acquires Adaptive Energy

Sleeping Bear Capital Acquires Ultra Electronics' Fuel Cell Business, Rebrands as Adaptive Energy

January 14, 2019

Energy

Sleeping Bear Capital, a newly formed San Francisco-based private equity firm, acquired the fuel cell manufacturing business unit of Ultra Electronics and relaunched it as Adaptive Energy LLC. Adaptive Energy — based in Ann Arbor, Michigan — designs and manufactures solid oxide fuel cells (SOFC) for backup and portable power, and serves customers including Lockheed Martin and RedHawk under long-term supply agreements.

Advent Technologies to Acquire fischer Group’s Fuel Cell Systems Businesses (SerEnergy and fischer eco solutions)

June 25, 2021

Energy

Advent Technologies Holdings, Inc. entered into a definitive agreement to acquire the fuel cell systems businesses of fischer Group for an aggregate consideration of EUR 52 million (cash and Advent stock). The deal includes SerEnergy A/S (Aalborg, Denmark) and fischer eco solutions GmbH (Achern, Germany), with closing expected in Q3 2021 subject to regulatory approval.

Redwire Acquires Edge Autonomy in $925 Million Deal

June 13, 2025

Aerospace & Defense

Redwire Corporation signed an agreement to acquire Edge Autonomy, a provider of field-proven uncrewed airborne system (UAS) technology, for $925 million (debt-free, cash-free). The transaction was completed in June 2025, and the combined company is positioned as a scaled space and defense tech player focused on multi-domain autonomous operations.

Autonomy Acquires EV Mobility's Technology, Assets and Customer Accounts

September 8, 2023

Transportation

Autonomy, an electric vehicle subscription company based in Santa Monica, has agreed to acquire the technology, assets and customer accounts of EV Mobility, an all-electric car-sharing platform that provides EVs as an amenity to hotels and multi-family properties. The deal (cash and stock, terms undisclosed) is intended to accelerate Autonomy's entry into car-sharing, expand its product offering, and scale usage through EV Mobility's existing hospitality and property partnerships; the transaction is expected to close in Q4 2023.

Energy Exemplar Acquires Adapt2 Solutions

May 13, 2024

Software

Energy Exemplar has acquired Adapt2 Solutions, a Houston-based provider of AI-enabled power market operations software, to integrate Adapt2’s capabilities into its PLEXOS and Aurora energy modeling platforms. The deal strengthens Energy Exemplar’s product set and provides customers with an end-to-end solution for energy market operations and planning.

Apogee Interactive Acquires EnergyX Solutions

February 7, 2024

Energy

Apogee Interactive has acquired EnergyX Solutions, an Ontario-based AI-powered SaaS company that helps utilities increase customer participation in energy-efficiency programs. The deal adds EnergyX's RetrofitAI capabilities to Apogee's utility customer engagement suite; growth investor M33 Growth is backing the combined organization.