Investment manager Redwheel has announced an agreement to purchase the assets of Ecofin worth approximately $1.4 billion.

Redwheel CEO, Tord Stallvik, said, “The Ecofin team is one of the longest standing specialists focused on sustainable infrastructure and related transition strategies. Their expertise is complementary to our existing thematic sustainability capabilities and is aligned with our overall focus on fundamental, long term specialist investment strategies. The Ecofin team will benefit from Greenwheel, the sustainability ecosystem that powers our firm’s enhanced integration, transition and sustainable funds, and Ecofin’s extensive knowledge will broaden Greenwheel’s reach. We are pleased that the team recognizes the benefits of the long-term alignment that Redwheel offers.”

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