FreshTracks portfolio company, SolarOne Solutions of Needham, MA, is pleased to announce its acquisition of Inovus Solar, Inc, 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.
“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.” Read the coverage here: SolarOne Acquires Inovus Solar, Inc.