Greenlane Biogas sold to UK investor for $25mln

Thu, 18 Sep 2014

By Fiona Rotherham Sept. 19 (BusinessDesk) - New Zealand exporter of biogas technology Greenlane Biogas has been sold to a listed UK company for $25 million. Pressure Technologies said it had bought the business and certain assets of the New Zealand company, which is a global developer and supplier of patented technology for upgrading raw biogas into high purity bio-methane. The deal takes effect from Oct. 1 and involves an initial payment of $12 million and the rest deferred as an earn out over four years. Greenlane Biogas had a funds...

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