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BLM completes reverse IPO of AEG Power Solutions

BLM Partners has taken public AEG Power Solutions through a reverse acquisition via Germany1 Acquisition, a listed special purpose investment vehicle.

BLM Partners has taken public AEG Power Solutions through a reverse acquisition via Germany1 Acquisition, a listed special purpose investment vehicle.

The businesses were formally combined on 14 September 2009 and the reverse IPO represents one of the first transactions of its kind in Europe.

The transaction marks the beginning of a transformation of AEG Power Solutions from private ownership to a publicly traded company.

It is the first major deal originated and closed by BLM Partners, a specialised financial services firm based in London.

AEG Power Solutions aims to further expand and develop the business as well as to generate superior shareholder returns.

Florian Lahnstein, chief executive of BLM Partners, says: ‘We are delighted with the successful outcome of this transaction. The strength of the management team under Bruce and Bob combined with the exciting developments and prospects in the provision of power electronics and solar energy solutions make this is a truly compelling opportunity. We look forward to working with the team as they transition into a public company.’

AEG Power Solutions provides mission critical power control and power systems to selected end markets such as power generation, oil and gas and the solar energy industry.

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