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Otovo to acquire PV Hawaii for Hawaiian expansion
PRIVATESep 06, 2026•1 day ago
Acquiring Company
Otovo
Acquired Company
PV Hawaii
HawaiiEnergyRenewable EnergySolar
Description
Otovo plans to acquire PV Hawaii, LLC, enhancing its solar service footprint in Hawaii for the first time. The combined purchase, along with Mr. Elektro AS, is valued at roughly USD 4.6 million. This acquisition will extend Otovo's service platform and help integrate AI solutions into their operations. The move is part of Otovo’s strategy to gain key markets and improve their service capabilities.
Company Information
Company
Otovo
About
The new capital is aimed at providing Otovo with a path to profitability by growing sales volume, optimising operational costs, and monetising subscription assets Slightly different from the growing list of startups that offer a hassle-free way for consumers to become less reliant on skyrocketing energy costs, Otovo uses proprietary technology to analyse a home and then finds the best price and installer for the job, all based on an automatic bidding process.
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70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed
Frequently asked
Who acquired PV Hawaii?
PV Hawaii was acquired by Otovo. The deal was reported on September 6, 2026. Otovo is privately held.
When did Otovo acquire PV Hawaii?
Otovo's acquisition of PV Hawaii was reported on September 6, 2026. Otovo plans to acquire PV Hawaii, LLC, enhancing its solar service footprint in Hawaii for the first time. The combined purchase, along with Mr. Elektro AS, is valued at roughly USD 4.6 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PV Hawaii do?
PV Hawaii, LLC is a solar operations and maintenance provider based in Oahu, Hawaii. The company has a licensed OSHA-trained field crew and a referral-built customer base across the island. It is privately held, operating in Energy, and is based in Hawaii.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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HawaiiEnergyRenewable EnergySolar