SolarEdge announces closing of Kokam acquisition

“We are excited that Kokam is joining the SolarEdge team and look forward to pooling our shared accomplishments to provide the market with more holistic smart energy systems,” stated Guy Sella, CEO, Chairman and Founder of SolarEdge. “We believe that our complimentary areas of expertise will allow us to combine the extensive know-how and core assets of both companies in order to further enhance SolarEdge’s portfolio and industry leadership.”

As previously announced, the Company’s current aggregate investment to purchase the Kokam shares is approximately $88 million, including transaction-related expenses.