Global EcoPower S.A. (ENXTPA:ALGEP) agreed to acquire Nova Power LLC from LTI DataComm, Inc. in stock on February 23, 2015. On a basis of 100% of the Nova Power shares acquired by Global EcoPower, the maximum amount of the acquisition will consist of two parts: A first part capped at €13.5 million and mainly composed of new shares of Global EcoPower on the basis of €5 per share. Shares will be issued each year, for 4 years long, on the basis of the EBITDA generated by Nova Power. A second part paid in new shares corresponding to 25% of EBITDA2 generated by Nova Power. Mohammed Habbal Chief Executive Officer of Nova Power has also announced that he will join the Global EcoPower board. The finalization of the transaction is expected to take place during Q3 2015, after lifting of various conditions precedent.

Global EcoPower S.A. (ENXTPA:ALGEP) cancelled the acquisition of Nova Power LLC from LTI DataComm, Inc. on October 27, 2015. The deal has been cancelled as the conditions precedent was not lifted within the time limit.