On a trailing 12-month basis, SolarBOS reported a total revenue of US$13.5 million. Image: Chandra Marsono / Creative Commons
Building product manufacturer and distributor Gibraltar Industries has signed off on a deal to acquire SolarBOS, a California-based, privately-held provider of electrical balance of systems products for the US PV market.
On a trailing 12-month basis, SolarBOS reported a total revenue of US$13.5 million. The acquisition is expected to be accretive beginning in 2019 following integration in 2018.
Gibraltar CEO Frank Heard said: “SolarBOS’ deep understanding of solar electric systems and high-voltage DC applications will expand our integrated solar racking and engineering solutions and provide complementary offerings to our existing customers.
“In line with our acquisition strategy, we expect the addition of SolarBOS to provide Gibraltar with a distinct competitive advantage and strengthen Gibraltar’s position in the US solar renewable energy market. We welcome the SolarBOS team to the Gibraltar family.”
Following the successful launch of Energy Storage Summit USA, we are pleased to announce its return for a 2nd year. Renowned for its quality, breadth and expertise, this event features an all-encompassing range of strategic and technical sessions on the adoption and deployment of storage. Key market drivers such as the falling price of lithium-ion batteries, investment in electric vehicle infrastructure, FERC Order 841, government incentives, grid modernization, transition from dependency on the networks to a desire for autonomy and intermittent renewable sources, all add to an exciting time for the Energy Storage value chain.
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