October 26, 2016 / 1:37 PM / a year ago

BRIEF-Northern Power Systems enters into asset purchase agreement with Weg Electric and Weg Equipamentos El*Icos S.A.

Oct 26 (Reuters) - Northern Power Systems Corp

* Says entered into that certain asset purchase agreement with Weg Electric Corp and Weg Equipamentos El*Icos S.A.

* Purchase price for assets consists of $5.3 million and certain royalties payable by WEG to NPS

* Says asset purchase agreement to sell its utility-scale wind turbines business to WEG

* Weg will pay co up to a further $17.5 million in royalty payments over next decade for turbines shipped outside of South America Source text for Eikon: Further company coverage:

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