US-based Alpha Technologies has acquired Bangalore-based NavSemi Energy for an undisclosed amount, the company said in a release.
Founded in 2008, NavSemi designs and manufactures products that extract efficacy from PV/solar systems by maximising the energy harvesting capabilities of individual solar panels.
“Alpha has worked with NavSemi Energy for several years and during that time we have collaborated well. Together, we expect to expand our market reach into regions such as India, where our joint technologies can have a real impact," said Drew Zogby, president of Alpha.
"Working more closely with Alpha, NavSemi Energy can help bring the benefits of renewable generated electricity delivered with greater reliability at lower costs, to meet the need of installers and users everywhere," said Babu Jain, managing director and founder of NavSemi Energy.
NavSemi’s current product range focuses on standalone market with solar charge controllers for home and street lighting, solar BTS systems, standalone battery based residential and commercial systems and micro grid solutions. Based in Bangalore, the firm has additional offices in Singapore and the US.
Alpha Technologies is engaged in designing and manufacturing of power systems for renewable and other energy applications, backup power, and industrial applications. It provides cable-TV broadband network powering product, UPS solutions, DC power systems and hybrid systems.
The company was founded in 1976 and is based in Bellingham, Washington with service centres in North America, Central America, Latin America, Europe and Asia.
(Edited by Joby Puthuparampil Johnson)