SunSystem Technology Acquired by Otovo | Energy M&A Deal

Otovo has acquired SunSystem Technology, a renewable energy business in California, for $770,000. Otovo acquires SunSystem Technology to expand residential and commercial operations and maintenance capabilities for solar assets, supporting field service delivery across CA. SunSystem Technology acquisition strengthens Otovo’s home energy service network, which combines electricity supply, real-time solar monitoring, virtual power plant optimization, and maintenance. The strategic acquisition is an add on acquisition under energy M&A, with a three-year earn-out of up to $1.3 million tied to net income targets, and is part of Otovo acquisitions expanding to multiple states.