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M&A Deal Summary

Savant Acquires POMCube

On May 23, 2023, Savant acquired renewable energy company POMCube

Acquisition Highlights
  • This is Savant’s 1st transaction in the Renewable Energy sector.
  • This is Savant’s 5th transaction in the United States.
  • This is Savant’s 1st transaction in California.

M&A Deal Summary
Date 2023-05-23
Target POMCube
Sector Renewable Energy
Buyer(s) Savant
Deal Type Add-on Acquisition

Target

POMCube

Dublin, California, United States
POMCube is an energy storage system manufacturer. The Company develops and deploying energy storage systems (ESS) that are helping to facilitate the use of clean energy and provide battery backup in homes and commercial locations throughout North America and Asia. POMCube was founded in 2014 and is based in Dublin , California.

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Buyer(S) 1

Buyer

Savant

Hyannis, Massachusetts, United States
Category Company
Founded 2005
Sector Electronics
DESCRIPTION

Savant is a luxury smart home technology company focused on bringing the four pillars of automation - comfort, lighting, entertainment, and safety - together in a single application interface for the homeowner. Savant was founded in 2005 and is based in Hyannis, Massachusetts.

DEAL STATS #
Overall 5 of 5
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Racepoint Energy

Osterville, Massachusetts, United States

Racepoint Energy is an engineering-driven company known for category-defining smart electrical panel, automated power, storage and energy resiliency solutions for consumers, home builders, businesses and utility companies. Racepoint Energy is based in Osterville, Massachusetts.

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