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Eguana Completes Solarlab Acquisition Advancing Australian Vpp And Home Builder Objectives

Mar 07, 2023•almost 3 years ago

Acquiring Company

Eguana Technologies

Acquired Company

Solarlab

CalgaryRenewable EnergyEnergy

Description

Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) is pleased to announce it has completed its acquisition of Solarlab Pty Ltd. Founded in 2017 and based in Adelaide, South Australia, Solarlab has been delivering high value design, sales, installation, and monitoring services in energy storage and residential and commercial solar markets nationally throughout Australia.

Company Information

Company

Eguana Technologies

Location

Calgary, Alberta, Canada

About

Eguana Technologies designs and manufactures intelligent power electronics for distributed smart grid and micro-grid applications. Our proprietary inverters seamlessly integrate with storage devices and renewable energy generators. This creates systems with uncompromised efficiency and reliability at unbeatable lifecycle costs.

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M&A Insights

Based on deal data
Integration timeline
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