Payom Solar completes Amsolar acquisition

Share

According to a statement released, Amsolar will retain its brand name. Meanwhile, managing partner, Joshua Weinstein will serve as chairman of Amsolar in addition to becoming a management board member of Payom.

It has also been said that Amsolar’s other managing partners will continue with the company. Jam Attari has been appointed Amsolar general manager, and will oversee the U.S. operations, while Philip Moffat has been named chairman of the Payom supervisory board.

Furthermore, the U.S. headquarters are set to stay in San Diego, California, and New York.

It is not clear however, if any other jobs will be affected, how much the deal is worth, or if any photovoltaic projects are currently in the pipeline.

In the statament, Payom did say, "With the completion of this acquisition, Amsolar will continue to expand aggressively to new markets in North America and beyond."

Daniel Grosch, Payom board member added, "We looked at a lot of companies to join our Payom team, but this one stood out amongst all others. We’re excited for the success we’ll have together in the U.S. and around the world."

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.