Announcing skytron Merger, Draker Acquisition

6
Aug

Announcing skytron Merger, Draker Acquisition

AlsoEnergy, a leader in renewable energy software solutions, and skytron energy, one of Europe’s leading solar software and hardware companies, announced a merger that will create a global leader for renewable energy monitoring, controls, and asset management solutions. In addition, AlsoEnergy announced the acquisition of Draker Corporation, a pioneer in the solar monitoring industry. These transactions strengthen AlsoEnergy’s solution portfolio and global reach to create a worldwide leader with over 18GW of solar PV, wind and storage assets under management.

These two transactions create a global leader in renewable energy software and position AlsoEnergy as the leading software and solutions provider in the industry. Together, the companies will combine their business operations to offer a global footprint with leading software, hardware, and control solutions for solar, wind, and storage assets.

“The merger of AlsoEnergy and skytron enables us to provide our customers and marketplace with the industry’s most complete platform for the management of renewable energy assets,” said Bob Schaefer, Chief Executive Officer of AlsoEnergy. “With skytron’s proven utility-scale technologies and AlsoEnergy’s strong commercial, industrial and utility presence, we can now offer our customers complete coverage for all types of assets.”

“We believe this transaction will provide what our customers have been asking for,” said Francisco Baraona, Managing Director of skytron energy. “Our combined solutions create a global software platform across all asset classes that is supported by proven hardware and control technologies and delivered with consistent sales, support and service across all geographies.”

In addition, AlsoEnergy has acquired the assets of Draker Corporation, a pioneer in the solar monitoring industry in the United States. “This strategic investment strengthens our global portfolio of best-in-class PV and storage performance management services for the C&I and Utility Scale segments,” continued Schaefer. “Together, AlsoEnergy, skytron and Draker look forward to continuing to deliver industry-leading products, sales, support, and services to our customers.”