San Jose-Based SunPower to Acquire Italy's Solar Solutions

San Jose, Calif. -- SunPower, a San Jose-based maker of high-efficiency solar cells, solar panels and solar systems, said on Thursday that it will acquire Solar Solutions, a solar systems integration and product distribution company based in Italy. Financial terms of the deal, expected to close early next year, were not disclosed. Solar Solutions is a 14-employee division of Combigas, a petroleum products trading firm. The five-year-old company distributes components such as solar panels and inverters through a network of dealers throughout Italy, and has been a customer of SunPower's since last year. "We believe that this acquisition will provide an important platform for SunPower to address both the solar power plant and rooftop markets in Italy," said Marco Antonio Northland, the general manager of SunPower's European operations.
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