Amonix, Inc., a Torrance, CA-based manufacturer of patented photovoltaic power generation systems for utility scale applications, announced that it has completed the acquisition of Sunworks Solar LLC, a solar manufacturing plant developer.
In conjunction with the transaction, whose financial terms were not disclosed, Sunworks co-founders Brian Robertson and Guy Blanchard become Chief Executive Officer and Senior Vice President of Sales and Corporate Development, respectively. In addition, Matthew Meares, Sunworks Managing Director, joins as Director of Project Finance.
Commenting on the acquistion, completed on on November 9, 2009, Vahan Garboushian, founder, Chief Technology Officer, and Chairman was reported to say: “Amonix systems clearly work in utility-scale applications. With the addition to our management team of three of the most productive solar industry business executives in the country, we have what it takes to get large, complex projects completed. We are ready to leverage our expertise and years in the field to take our growth to the next level”.
Amonix also has a manufacturing facility in Seal Beach, CA.
FinSMEs
22/12/2009