The acquisition is subject to Servidyne shareholder approvals and other customary closing conditions.
The acquisition is currently expected to be completed in Servidyne’s second fiscal quarter ending 31 October 2011.
Following the sale, Servidyne will no longer be a publicly-traded company, and its shares will cease to be traded on the NASDAQ Global Market.
The companies said they have engineering and technology expertise in energy efficiency, demand response, building maintenance management and building controls.
Servidyne provides comprehensive energy efficiency and demand response solutions, sustainability programs, and other products and services that significantly enhance the operating and financial performance of existing buildings.
SCI a provider of energy efficiency solutions via predictive diagnostics and analytics for the market.
