HydroPhi Technologies Europe Sp. z o.o. agreed to acquire Terra S.A. (WSE:TRA) from R&D Property Sp. z o. o. and others in a reverse merger transaction on July 16, 2014.

As a result of the transaction, HydroPhi Technologies will be listed on the NewConnect market of the Warsaw Stock Exchange. The combined entity will be called HydroPhi Technologies Europe SA.