The German company that acquired the assets Xtreme Power Inc. earlier this year paid $14 million for the Kyle-based company. Younicos Inc., a division of Younicos AG, paid the $14 million in addition to assuming Xtreme Power’s $580,000 mortgage after it filed for Chapter 11 bankruptcy protection in January, according to an April 3 filing with the U.S. Bankruptcy Court of West Texas. Younicos executives couldn’t be reached for comment. Younicos, based in Berlin, has said the transaction closed…
Reported by bizjournals 1 hour ago.
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