With this acquisition, Sunna Design is defined to construct a special and sustainable platform for growth in the world market for smart and related stand-alone solar solutions.
Sunna Design, the technological leader for smart and connected standalone solar options, announces the purchase of SOL Inc., the pioneer and undisputed leader of solar light in North America. With this acquisition, Sunna Design strengthens its position in solar light, its core market, and further accelerates its growth.
“Strengthening our presence in North America is exceptionally tactical considering that the area’s maturity in terms of solar light, IoT and services, all which are key regions of attention for Sunna Design,”
Ignace p Prest, Sunna Design CEO.
The Solar Residential Market
The market for standalone solar solutions is currently valued at more than $6 billion and is predicted to grow at a CAGR of over 22 percent through to 2025.
This is driven by the rapid expansion of renewable energy and the growing demand for resilient and off-grid solutions.
Strategy for Integration and Growth between Acquired Solar Companies
Sunna Design‘s experience stems from a distinctive technological know-how encouraged by more than 14 patents, to which SOL‘s 9 patents have now been inserted. This technological lead translates into an ability to offer robust, dependable and durable solutions which stand out from the contest.
With this acquisition, Sunna Design today provides the most comprehensive and competitive portfolio of products and services on the current market, supported by a scalable supervision platform.
The agility of deploying all-in-one solutions combined with the flexibility of modular systems means the company is currently able to meet increased sizing and power range prerequisites, thus supporting all clients and partners on a larger variety of projects.
This exceptional value proposal can be represented through the most advanced portfolio of services available on the market, together with first-of-its-kind Solar Lighting”as a Service” (SLaaS) and maintenance contracts up to 20 years to guarantee the long-term operability of installments.
Acquiring SOL additionally allows Sunna Design to expand its network of partners, together with 75 agents and vendors supported by an expert and responsive regional sales team.
With this acquisition, Sunna Design is currently operating two complementary yet separate supply chains, one serving the North American marketplace, the other dedicated to Europe, the Middle East and Africa. This with a view to assist optimize local production and provide increased resilience to risk.
Possessing a stronger foothold in a mature market such as North America means that the corporation will also be accelerating the development of its ecosystem of IoT applications powered by the clean energy of Sunna Design’s smart solar engine. These connected standalone programs are an answer to the connectivity, telecommunications and security demands of smart cities.
“SOL and Sunna Design share the same vision of enhancing people’s lives through the widespread deployment of autonomous solar-powered solutions.
Both firms have complementary marketplace approaches and have stayed ahead of competitors by offering robust, dependable and durable alternatives, this acquisition strengthens our portfolio of solutions and services and expands our worldwide network of agents to provide a more comprehensive and favorable response to client expectations.
It’ll fuel our ambitious expansion strategy with assistance from specialist teams and top-level customer service.”
Ignace de Prest.
VC Funding
Sunna Design is backed by Next-Stage Development Group that invested $1.75M back in 2011 and appears to be relatively quiet since then.
