Washington, D.C.-based development consulting firm Chemonics International has purchased the goverment services unit of San Francisco-based utility and energy management software provider Nexant for an undisclosed sum.
Chemonics said Tuesday it will absorb all of the unit's personnel and assets that include contracts with the U.S. Agency for International Development, as well as Nexant's energy professionals that work outside of the acquired business.
Jamey Butcher, president and CEO of Chemonics, said the deal expand the company's multidiscplinary service offering designed to help customers the global challenge of expanding access to sustainable energy sources.
Nexant's former government services group has supported more than 2K energy infrastructure and efficiency projects throughout Africa, Asia, Europe, and the Middle East over the past two decades.
