SolarOne Solutions purchases Inovus Solar

Written By: Stratton Report
February 17, 2017

On February 17, SolarOne Solutions, a provider of solar area lighting solutions announced its acquisition of Inovus Solar, Inc, a solar lighting company with what SolarOne described as complementary products, markets and technologies.

SolarOne Solutions purchased Inovus’ technology, project pipeline, brand and other assets and incorportated all Inovus Solar personnel. The firm stressed that it will continue to support Inovus’ customer base worldwide.

Moneer Azzam, SolarOne CEO remarked:

One would be hard pressed to find two more complementary companies, 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, will remain as a Board member and strategic advisor to the company.

Stewart noted: “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.”