Otovo Completes Acquisition of SunSystem Technology for $1.3 Million, Bringing Service Platform to Approximately 30% of The United States
Otovo ASA (Euronext Oslo Børs: OTOVO) today announced the completion of its acquisition of SunSystem Technology, LLC ("SST"), a national provider of operations and maintenance (“O&M”) services for distributed generation assets. The closing follows the letter of intent announced in June 2026 and marks the seventh acquisition Otovo has completed since December 2025.
Otovo to Acquire Green Panel for $11 Million to Scale Global Energy Services Platform
Otovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading global energy service provider for residential and commercial customers, today announced it has entered into a letter of intent (LOI) to acquire Green Panel Solar Energy Systems Ltd. (“Green Panel”) for $11 million to be settled partly in cash and in Otovo shares. Green Panel is Israel’s dominant behind-the-meter energy service provider with expanding European operations.
Otovo to Acquire SST – Seventh Acquisition Since December 2025
Otovo ASA (Euronext Oslo Børs: OTOVO) today announced it has signed a non-binding letter of intent to acquire SunSystem Technology, LLC ("SST"), a premier U.S. provider of operations and maintenance (“O&M”) services for distributed generation assets.
Otovo and Green Panel Launch Otovo GP JV to Scale Multi Country Energy Services
Otovo ASA (“Otovo”), a leading home energy service provider, today announced it has entered into an MOU with the Israeli energy service group Green Panel, to form Otovo GP, a new 50/50 joint venture established to provide field service, replacement, maintenance, and logistics services for residential and commercial energy systems across Europe. Subject to definitive agreements and satisfaction of closing conditions, it is expected that the joint venture will be established within the first half of 2026.
