California-based Solar3Ds growth-by-expansion strategy has seen the company announce its intent to acquire Southern Californian solar installer MD Energy.
Santa Barbara-based Solar3D acquired Northern Californian installer SUNworks in January as an outlet for its proprietary 3D high-efficiency solar cell and will make the move on MD Energy to mirror its earlier acquisitions market coverage in the north of the U.S. leading solar state.
A Solar3D press release announcing the acquisition yesterday revealed no details of the purchase arrangements for the takeover of Rancho Cucamonga-based MD Energy but added the deal would be complete by February, subject to Solar3D reviewing the operations, and financial and corporate records of the acquisition, which will become a wholly-owned subsidiary of the parent company.
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