The purchase price for the technology was €100 000. EcoMax Energy Services also sold equipment related to the EcoMax Pump business for €8000.
As part of the agreement Lewa has retained the services of EcoMax Energy Services’ engineer who was the primary inventor of the pump. Lewa has also agreed to provide maintenance and repair services to EcoMax Energy Services’ pump customers.
EcoMax Energy Services has also retained the right to sell any existing pump inventory for a period of time.