Ameresco (NYSE: [[ticker:AMRC]]), the energy-efficiency services company based in Framingham, MA, said today it has agreed to acquire Renton, WA-based Quantum Engineering and Development. Financial terms of the deal were not disclosed. Ameresco manages energy infrastructure projects, including the development, construction, and operation of renewable energy plants. It was incorporated in 2000 and raised about $87 million in an initial public offering last month. The company has 650 employees and will be adding Quantum’s staff to its workforce as part of its Northwest expansion. Quantum provides energy and water auditing, engineering, construction, and commissioning services for public, commercial, and industrial customers.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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