Otovo Enters Agreements for $11 Million Green Panel Acquisition, Expanding its Behind-the-Meter Energy Services Business

Otovo Enters Agreements for $11 Million Green Panel Acquisition, Expanding its Behind-the-Meter Energy Services Business

Company’s 8th and largest acquisition to date is expected to extend its AI-powered energy service platform to 15 European markets and unlock a major new OEM partnership

Otovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading provider of behind-the-meter energy services for homes and businesses, today announced definitive agreements for its $11 million acquisition of Green Panel Solar Energy Systems Ltd. (“Green Panel”), which will be the company’s eighth and largest acquisition to date.

The combination creates operations spanning 15 European markets, giving Otovo what it believes is the largest dedicated behind-the-meter service footprint in Europe by country coverage. The enlarged platform brings together profitable field services, logistics warehouses in every market served, AI-driven customer inventory management, and round-the-clock command-center, dispatch and technician capabilities.

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