Raleigh-Durham Roundup: Iberdrola, TransEnterix, Inmar, & More
Here are the latest headlines in North Carolina cleantech, biotech, and tech news:
—The first commercial-scale wind farm in the South is now slated for the North Carolina coast. Spanish company Iberdrola Renewables plans to spend $ 600 million to erect 102 wind turbines on 22,000 acres near Elizabeth City, and could add up to 50 more turbines, The Associated Press reported. The wind farm would generate 204 megawatts, enough electricity to power about 60,000 homes.
—TransEnterix’s (NYSE: TRXC) secondary stock offering is now expected to net up to $ 52 million. The Research Triangle Park company said underwriters for the stock offering are partially exercising their option to purchase additional shares. TransEnterix launched the stock sale in June to support commercialization plans for the company’s SurgiBot surgical robotic system, which the FDA is currently reviewing for marketing clearance.
—E-commerce technologies firm Inmar acquired a Cincinnati company that manages trade promotions for packaged goods manufacturers and retailers. Inmar disclosed no financial terms for its acquisition of Scanner Applications. The deal is the latest in a string of acquisitions for Winston-Salem-based Inmar, including the purchase last fall of Wisconsin digital coupon startup Hopster.
—Private equity firm Falfurrias Capital Partners acquired a controlling stake in RegEd, a Morrisville financial technology company that provides software and financial continuing education for banks. The companies disclosed no financial details of the deal. Charlotte-based Falfurrias told The Charlotte Observer that the company sees opportunities in the growing financial regulations that banks face.
—Power and automation technology company ABB (NYSE: ABB) is selling its Huntersville cable factory to wire and cable producer Southwire Company, based in Carrollton, GA. No financial terms were disclosed, but Switzerland-based ABB, which operates its North American headquarters from Cary, said in a statement that it remains committed to the high-voltage cable business.
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