Acorn Energy acquires remaining 1% stake in OmniMetrix unit

Acorn Energy has completed the acquisition of the remaining 1% stake in OmniMetrix, its principal subsidiary, bringing the total ownership to 100%. The company made the acquisition from Walter Czarnecki, OmniMetrix's former CEO, in exchange for 25,096 newly-issued shares of Acorn common stock. This transaction eliminates non-controlling interest deductions from Acorn's net income, increasing the company's stockholder equity.

Acorn Energy specializes in remote monitoring and control solutions for critical infrastructure, while OmniMetrix provides wireless remote monitoring and control solutions for standby generators, gas pipelines, and other infrastructure assets.

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