Younicos Inc. agreed to acquire the assets of Xtreme Power, Inc. for $14 million in cash on April 7, 2014. On April 7, 2014, Younicos was declared the winner of the auction for Xtreme Power.

Younicos Inc. signed an asset purchase agreement to acquire of Xtreme Power, Inc. for $14 million in cash on April 11, 2014. At closing, the consideration will be adjusted by the amount of $0.91 million, which amount represents the aggregate proceeds received from Xtreme Power to Younicos in connection with the sale of certain assets by Xtreme Power to third parties. Younicos will also assume certain liabilities of Xtreme Power. On April 11, 2014, the bankruptcy court approved the transaction. Younicos Inc will retain members of Xtreme Power's former management, engineering, business development and operations team.

Gordian Group LLC acted as financial advisor for Xtreme Power. Steven Tyndall of Baker Botts LLP and Shelby A. Jordan, Nathaniel Peter Holzer and Antonio Ortiz of Jordan, Hyden, Womble, Culbreth & Holzer, PC acted as legal advisors for Xtreme Power. John Simon and Omar Lucia of Foley & Lardner LLP acted as legal advisors for Younicos.

Younicos Inc. completed the acquisition of the assets of Xtreme Power, Inc. on April 11, 2014.