Today U.S.-based AlsoEnergy announced what may be the largest consolidation in the solar monitoring and asset management world to date: a merger with Germany's skytron energy and the acquisition of the assets of Vermont, U.S.-based Draker Corporation.
Through the two transactions, solar energy software company AlsoEnergy will reach 18 GW of solar, wind and energy storage assets under management. The company has been the leading monitoring and power plant control systems provider in the U.S. commercial market, whereas its Berlin-headquartered rival skytron has a stronger presence in the utility-scale PV sector in Europe.
“Our combined solutions create a global software platform across all asset classes that is supported by proven hardware and control technologies and delivered with consistent sales, support and service across all geographies,” states Francisco Baraona, managing director at skytron energy, in a press release announcing the merger this morning.
The change is the second change of hands for skytron in the last two years, following First Solar’s sale of the business to German investment company Liberta Partners in late 2016.
AlsoEnergy provided no financial details of the two transactions but offered insight into how the two are expected to play out operationally, including keeping the skytron brand.
Draker is different proposition, with AlsoEnergy planning to migrate Draker customers off the platform while incorporating the features Draker customers prefer into AlsoEnergy software.
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