SunTechnics Energy Systems Inc., a leader in solar energy solutions, announced an agreement to acquire privately-held Aztec Solar of Rancho Cordova, California. SunTechnics Energy Systems Inc. is a wholly owned subsidiary of the Hamburg-based SunTechnics GmbH.
Under the agreement, Ed Murray, Aztec’s founder and owner, will be responsible for the SunTechnics U.S. solar thermal business unit.
The purchase of Aztec Solar, a leading installer of solar hot water and pool heating systems, will allow SunTechnics to support the important and fast-growing solar thermal market in California.
It will also provide SunTechnics with additional installation and sales expertise to offer more value-added and customized solutions that encourage solar energy adoption.
Founded twelve years ago by Ed Murray in Sacramento, Aztec Solar’s experienced team of 30 employees has completed the installation of over 7,500 turnkey residential solar systems throughout California. “Over the past few years, we have witnessed a significant growth on demand for solar thermal in the California market. The current installed base of up to 80 megawatts is a sign of the market’s strength, and we anticipate rapid growth,” said Murray.
“As part of SunTechnics we will now be able to offer our customers complete solar power and heating solutions supported by strong sales and premium customer service channels.” Ed Murray, a long-time member of the California Solar Energy Industries Association (CAL-SEIA), was voted Solar Man of the Year 1993 by the same association and worked on the development of the California Solar Rights Act and the California Solar Initiative.
About SunTechnics
SunTechnics is a subsidiary of the publicly traded company Conergy AG, the biggest solar energy company in Europe. Already one of the leading suppliers of turnkey renewable energy systems in the world, SunTechnics continues to drive its international expansion. In the past two years, the engineering and installation company has established operations in the United States, Singapore, South Korea as well as new affiliates in France, Brazil and Greece. SunTechnics’ revenue increased from 300 million USD in 2005 to 440 million USD in 2006 and the company employs more than 700 people worldwide.
Extensive engineering know-how in photovoltaics, solar thermal, bioenergy, HVAC engineering or hybrid systems, acquired over a period of more than 10 years through building thousands of systems, enables SunTechnics to adapt the energy technology to suit local conditions and to offer its customers optimized system solutions that satisfy their individual needs at a high quality level.
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