Norway's Otovo ASA (OSE:OTOVO) said on Tuesday it had signed a letter of intent to acquire Israeli energy services company Green Panel Solar Energy Systems Ltd for USD 11 million (EUR 9.48m) in a bid to expand its presence in the Middle East and strengthen its own position in the residential and commercial segment.

Otovo to Acquire Green Panel for $11 Million to Scale Global Energy Services Platform

Norway's Otovo ASA (OSE:OTOVO) said on Tuesday it had signed a letter of intent to acquire Israeli energy services company Green Panel Solar Energy Systems Ltd for USD 11 million…