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GreenOrder and Cleantech Group reveal merger

GreenOrder is to merge with the Cleantech group.

03 October 2012

LRN and Cleantech Group have revealed they intend to merge GreenOrder with Cleantech Group, with LRN set to become a long-term partner and major shareholder in the combined enterprise.

While sales negotiations could have been used to finalise the definitive merger agreement, financial information about the transaction has not been disclosed.

Cleantech Group has offices throughout Europe and North America, from which it aims to stimulate demand, speed up market adoption and bring down barriers to innovation.

Chief executive of the company Sheeraz Haji, who will also lead the brands when they join forces, explained the deal will put the businesses in a good position from which it can help executives deal with environmental concerns or work to source the partnerships, technologies and investments that could support sustainability concerns.

"Leading enterprises are increasingly trying to understand how sustainability challenges will impact their growth and profitability, and they are looking for innovative technologies and business models to turn those challenges into opportunities," he argued.

Posted by Edel Quinn

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