SolarOne Solutions (Needham, MA, U.S.), a
provider of professional solar area lighting solutions to customers
worldwide, on February 17th, 2017 announced its acquisition
of Inovus Solar, Inc. (Boise, ID, U.S.) a solar lighting company with
complementary products, markets and technologies.
With this transaction, SolarOne Solutions brings the
Boise-based firm's technology, project pipeline, brand and other assets
into its fold. All Inovus Solar personnel immediately become part of
SolarOne Solutions and will continue to support its customer base
worldwide.
“One would be hard pressed to find two more complementary companies,” said Moneer Azzam, SolarOne CEO.
“The Inovus architecturally appealing wrapped PV
pole with embedded Lithium-ion energy storage fits perfectly with
SolarOne's conventional line of professional lighting systems. But what
comes next from the melding of these two dedicated and talented teams is
what I am most excited about. No other solar lighting company has this
depth. It will allow us to accelerate our worldwide growth initiatives.”
Inovus Solar CEO, Doug Stewart, who will remain as a
Board member and strategic advisor to the company said: “The
combination of products, technical and marketing expertise and
geographic footprint that results from this transaction is
transformative for both companies and sets the stage to become the
largest solar lighting business in the worldsource: http://www.solarserver.com
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