Mergers and Acquisitions (M&A): Otovo Acquires Solar Service Professionals
Houston, Texas – Otovo has announced the acquisition of Solar Service Professionals (https://solarserviceprofessionals.com/). According to the company announcement Otovo is an AI-native home and business energy services company operating in Europe and the United States. The company provides an all-in-one power partner model that integrates retail electricity, energy service (operations and maintenance), and grid trading through a cloud-connected Virtual Power Plant. Otovo’s industry-leading AI platform, Endurance, continuously monitors installed equipment, optimizes the entire service process from problem detection to resolution, and coordinates repairs around the clock. Otovo recently acquired Solar Service Professionals Inc. (SSP) to strategically enter California, America’s largest residential solar + storage market. This acquisition aims to expand Otovo’s U.S. presence and convert SSP’s existing customer base to its subscription service, expecting it to be accretive to net income in 2026.
To learn more about Otovo, visit https://otovo.ai/
Company LinkedIn Page: https://www.linkedin.com/company/otovo/
Company Contact:
Otovo
4601 Westway Park Blvd. Ste 140
Houston, TX 77041
833-317-6937
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