Add-on Acquisition • Software

Q-Cells AG Acquires Growing Energy Labs

On August 6, 2020, Q-Cells AG acquired software company Growing Energy Labs

Acquisition Context

This is Q-Cells AG’s 1st transaction in the Software sector.
This is Q-Cells AG’s 1st transaction in the United States.
This is Q-Cells AG’s 1st transaction in California.

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M&A Deal Summary
Date	August 6, 2020
Target	Growing Energy Labs
Sector	Software
Buyer(s)	Q-Cells AG
Deal Type	Add-on Acquisition

Target Company

Growing Energy Labs

San Francisco, California, United States

Growing Energy Labs, Inc. end-to-end software platform streamlines the energy storage development process, offering the industry’s leading solution for design, automation, and management of Battery Energy Storage Systems (BESS). Growing Energy Labs is based in San Francisco, California.

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Buyer Overview 1

Buyer

Q-Cells AG

Bitterfeld-Wolfen, Germany

Category	Company
Founded	1999
Sector	Consumer Products

DESCRIPTION

Developer and manufacturer of high-efficiency solar cells.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2020	1 of 1

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