VANCOUVER – Business advisory firm Greenscape Capital Group Inc. (TSXV:GRN) says it intends to buy a 40 per cent interest in CapTherm Systems Inc. for $1.9 million.
CapTherm makes cooling hardware for devices such as servers, computers, electric vehicles, LED lighting, the military and MRI machines to help reduce energy costs.
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CapTherm has distribution agreements with conditional purchase orders in place in 12 countries.
Greenscape, which provides eco-consulting services, will have the option to increase its stake to 46 per cent, two years after its initial acquisition.
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