French operations and maintenance (O&M) company NovaSource Power Services has acquired aerial inspections and site data firm Heliolytics in a move that NovaSource said will strengthen its ability to provide lifecycle services to the renewables sector.
Novasource said the purchase “is highly complementary to NovaSource’s existing O&M portfolio” that currently stands at more than 18GW under management.
Heliolytics provides site optimisation and advanced site analysis. It has more than 100GW of global experience, according to a company media release.
Acquiring Heliolytics will allow NovaSource to enhance its offer to customers by “enabling high-fidelity issue detection, increasing asset energy yield,” said NovaSource CEO Troy Lauterbach.
Toronto-based Heliolytics will continue to operate as a standalone entity and will retain its name, branding and staff.
Rob Andrews, Heliolytics CEO and co-founder, said the acquisition meant the two companies can “scale our existing and new service offerings, while continuing to offer our industry-leading third-party services, to provide more value to customers, globally.”
