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ICP Solar Acquires Wes Power Technology

Posted on: Friday, 7 March 2008, 12:00 CST

Canadian solar equipment manufacturer ICP Solar Technologies has completed the acquisition of privately held renewable power performance management systems provider Wes Power Technology.

ICP Solar said that the acquisition of Wes Power and its GreenMeter technology is strategically important to the company. Financial terms of the transaction were not released.

ICP noted that, when combined with its rooftop solar tile technology, the Sunsei industrial line will be in a position to provide its current customers, as well as new power generation channel customers, with a real-time hybrid communications monitor and controller for their systems.

ICP Solar chargers come with Plug'n'Play connections for quick connectivity with several adaptors including the GreenMeter, which includes desktop software that records and displays the power generated from panels and up to the minute information on greenhouse gas savings.

Gerry Heffernan, CEO of WES Power Technology, said: "We look forward to working together and expanding our distribution options and leveraging the ICP Solar sales team particularly in the rapidly growing California market."

Source: Datamonitor

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