SunPower Corporation (Nasdaq: SPWR) has completed the acquisition of Australian integrator and distributor, Solar Sales Pty Ltd., extending its global presence into the emerging Australian solar market.
Terms of the deal were not disclosed.
Founded in 1983, Solar Sales was one of Australia’s first photovoltaic companies and is a leading systems integration and product distribution organization. Solar Sales offers solar panels and inverters via a national network of 30 dealers throughout Australia, and designs, builds and commissions large-scale commercial systems.
"Solar Sales has been a valued SunPower customer and partner for several years," said Howard Wenger, senior vice president of global business units at SunPower Corp. "The strength of its management team, coupled with its market understanding and momentum, will help to form an ideal platform from which we can succeed in both the commercial and residential markets."
About SunPower
SunPower Corporation designs, manufactures and delivers solar-electric systems worldwide for residential, commercial and utility-scale power plant customers. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe and Asia. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).
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