SolarOne Solutions, a provider of professional solar area lighting based in Needham, MA, recently acquired Inovus Solar, Inc, a solar lighting company with complementary products, markets, and technologies. With this transaction, SolarOne Solutions brings the Boise, ID-based Inovus technology, project pipeline, brand, and other assets into its fold. All Inovus Solar personnel are now part of SolarOne Solutions and will continue to support its customer base worldwide.
SolarOne Solutions, Inc. designs, manufactures, and sells commercial-scale, solar-powered lighting and LED technology for use in outdoor applications such as parking lots, streets, pathways, pedestrian areas, landscapes, outdoor signage, and shelters. SolarOne is a recognized leader in the “grid-independent” outdoor area lighting segment and was the first company to deploy successful commercial-grade photovoltaic/LED large-area lighting systems.
Inovus Solar has developed successful commercial products utilizing flexible solar collectors and has been the recipient of recognition and design awards for these products.
“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.”
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 world.”