A Campbell Johnston Clark team led by James Clayton has advised Pacific Green Technologies Inc. on its acquisition of Innoergy Limited, a battery energy storage systems designer 

 Headquartered in Delaware, United States and with shares traded on the over-the-counter (OTCQB) market, Pacific Green Technologies Inc. (“PGTK”) is a leading provider of cleantech solutions that seeks to address the growing need for cleaner and more sustainable energy sources.  

CJC represented PGTK in relation to the acquisition of a 100-per cent stake in Innoergy Limited (“Innoergy”), which, upon completion of the acquisition on 21 October 2020, adopted the name Pacific Green Innoergy Technologies Limited. PGTK chief executive Scott Poulter commented at the time: “We had identified the battery energy storage system segment as having tremendous potential for growth and were keen to enhance our capabilities in that area. With CJC’s support, we were able to acquire a young and exciting company and gain the manufacturing capacity to rival the global leaders in the market.” 

The CJC team advising on the acquisition was led by partner and director of the London office James Clayton, who said: “We are very pleased to have assisted Pacific Green Technologies Inc. in its acquisition of Innoergy Limited. This move into the battery energy storage system market is extremely exciting for Pacific Green and shows its ongoing commitment to clean technologies. We wish everyone involved great success going forwards.” 

While the takeover of Innoergy represents a positive step for PGTK, it also demonstrates CJC’s continued growth in the mergers and acquisitions segment. A team led by James Clayton and including consultant Simon Holden recently advised Stillcanna Inc. on its acquisition of Sativa Group Plc for £10.6 million.