5 Acquisitions of Companies in the Solar Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Solar industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 5 acquisitions that took place in the Solar industry.

Solcius acquired by Sunworks

Details about the transaction:

Acquisition amount:

$51,800,000

Announcement:

9 April 2021

Details about the company:

Design and Installation of Residential Solar

Headquarter:

Provo, Utah, United States

Where to find them:

Industry:

Building Material, Energy, Mining, Real Estate, Renewable Energy, Solar, Web Design

Details about the buyer:

In order to enhance the conversion of sunshine into power, Sunworks creates a three-dimensional solar cell technology.

Headquarter:

Santa Barbara, California, United States

Where to find them:

solarZero acquired by BlackRock

Details about the transaction:

Acquisition amount:

$60,017,201

Announcement:

13 September 2022

Details about the company:

solarZero is a provider of sun power.

Headquarter:

Auckland, Auckland, New Zealand

Where to find them:

Industry:

Energy, Renewable Energy, Solar, Sustainability

Details about the buyer:

Investment firm BlackRock provides its services to foundations, intermediaries, institutions, and private investors.

Headquarter:

New York, New York, United States

Where to find them:

Custom Solar acquired by Mitie

Details about the transaction:

Acquisition amount:

$15,490,977

Announcement:

9 June 2022

Details about the company:

Custom Solar creates solar power solutions for businesses and government organizations.

Headquarter:

Chesterfield, Derbyshire, United Kingdom

Where to find them:

Industry:

Clean Energy, Energy, Renewable Energy, Solar

Details about the buyer:

Facilities, property, and energy management are services offered by Mitie, a strategic outsourcing corporation, to both public and private sector companies.

Headquarter:

Bristol, Bristol, City of, United Kingdom

Where to find them:

SenseHawk acquired by Reliance Industries

Details about the transaction:

Acquisition amount:

$32,000,000

Announcement:

6 September 2022

Details about the company:

For the infrastructure sector, SenseHawk is a SaaS supplier of data analytics, integration, and workflow management software.

Headquarter:

Saratoga, California, United States

Where to find them:

Industry:

Analytics, Asset Management, Construction, Drones, Infrastructure, Power Grid, SaaS, Software, Solar, Task Management

Details about the buyer:

Reliance Industries works in the petrochemical, textile, retail, and energy industries.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Renovigi Energia Solar acquired by Intelbras

Details about the transaction:

Acquisition amount:

$65,014,696

Announcement:

16 February 2022

Details about the company:

The leading manufacturer and distributor of solar energy products is Renovigi Energia Solar.

Headquarter:

Chapecó, Santa Catarina, Brazil

Where to find them:

Industry:

Energy, Manufacturing, Renewable Energy, Solar

Details about the buyer:

Solutions for networks, communication, safety, and energy are offered by Intelbras.

Headquarter:

São José, Santa Catarina, Brazil

Where to find them: