Terms
- Announced
- 19 Dec 2024
- Instrument
- M&A
- Amount
- Undisclosed
- Source
- skytree.tech
Parties
- Project developer
- ReCarbn B.V.
- Recipient type
- Technology company
- Country
- Netherlands
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Skytree Acquirer Undisclosed No value disclosed
Carbon
- Pathway
- DAC
What happened
- All three ReCarbn co-founders joined Skytree in leadership roles. No consideration disclosed. The transaction deepens a research relationship with the University of Twente.
Kumo note
- An all-Dutch consolidation of two direct air capture developers in which the target’s three founders were retained, which reads as an acquisition of a team and an approach rather than of a revenue line.
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