Tech Company M&A Transactions
PowerLight Acquisition
PowerLight, based in Berkeley, was acquired by SunPower. The parties disclosed the acquisition price to be $265 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/15/2006
Transaction Type
M&A
Amount
$265,000,000
M&A Terms
SunPower Corp., a maker of solar cells and panels, said Wednesday it agreed to buy PowerLight Corp., a privately held provider of solar systems to governments and businesses, for about $265 million in cash and stock.
Including a "retention carve-out" of $67.5 million that vests over two to four years, the value of the deal rises to $332.5 million, consisting of about $130 million in cash and $202.5 million in stock.
Company Information
Company Status
Acquired or Merged
Industry
Alternative Energy
Mailing Address
2954 San Pablo Avenue
Berkeley, CA 94702
USA
Berkeley, CA 94702
USA
Phone
Website
Email Address
Not Recorded
Overview
Since 1995, PowerLight has designed, developed and delivered more large-scale solar power systems (>500 kWp) than any other global solar electric provider.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Dinwoodie
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