"The completion of this acquisition is a significant step forward and enables us to execute on our long-term vision of bringing value to our clients and partners via the combined strength of our companies and teams," said Mike McLaren, CEO of Converde Energy USA, Inc. "With reliable and efficient low-cost energy systems priced below our competition, we have an attractive answer for small to mid-size industrial power and fuel users, who can reduce their energy costs and their carbon footprint with our modular XFuels systems."