World Energy Backs Retroficiency, American Superconductor Gets Finnish Firm, BuyWithMe Buys LocalTwist, & More Boston-Area Deals News
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insider information to BuyWithMe.
—Devens, MA-based energy giant American Superconductor (NASDAQ: AMSC) said it was acquiring The Switch Engineering Oy, a Finnish power technologies firm, for 190 million Euros (about $265 million) in a cash and stock deal expected to close in August. American Superconductor said the acquisition will help support its growth to $1 billion in yearly revenues by 2014.
—Nimbit, a Framingham, MA-based music marketing startup, said it has raised $1.25 million in two rounds of funding, which it will put toward increasing its product team and developing a direct-to-fan product.
—Cambridge-based high-tech beauty products company Living Proof said it wrapped up $16 million in a Series B funding round. The money will go to R&D and distribution, and comes from Piper Jaffray Merchant Banking and Polaris Venture Partners, which founded Living Proof with MIT inventor (and Xconomist) Bob Langer.
—Cambridge-based OmniGuide, a maker of laser technology medical devices, raised $3.5 million in equity financing from nine investors.
—Education technology provider DYMO/Mimio of Cambridge announced it has bought Headsprout, a Seattle-based reading education software maker, for an undisclosed sum.