Solar area-lighting manufacturer SolarOne Solutions, Needham, MA, has acquired Inovus Solar, Inc, Boise, ID, a solar lighting company with complementary products, markets and technologies. The deal brings Inovus Solar’s technology, project pipeline, brand and other assets into SolarOne, including all personnel. Inovus Solar CEO Doug Stewart will join SolarOne as a board member and strategic advisor.
“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 LiPO 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.”