M&A Deal Summary

SolarCity Acquires ILIOSSON S.A. de C.V.

On August 5, 2015, SolarCity acquired renewable energy company ILIOSSON S.A. de C.V.

Acquisition Highlights
  • This is SolarCity’s 4th transaction in the Renewable Energy sector.
  • This is SolarCity’s 1st transaction in Mexico.

M&A Deal Summary

Date 2015-08-05
Target ILIOSSON S.A. de C.V.
Sector Renewable Energy
Buyer(s) SolarCity
Deal Type Add-on Acquisition

Target

ILIOSSON S.A. de C.V.

Mexico
ILIOSSON S.A. de C.V. is a commercial and industrial solar developer.

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Buyer(S) 1

Buyer

SolarCity

San Mateo, California, United States

Category Company
Founded 2006
Sector Renewable Energy
Employees15,219
Revenue 400M USD (2015)
DESCRIPTION
Entrance to SolarCity's corporate headquarters in San Mateo, California.
Entrance to SolarCity's corporate headquarters in San Mateo, California.

SolarCity is a provider of clean energy solutions. The Company delivers renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity was formed in 2006 and is based in San Mateo, California.


DEAL STATS #
Overall 8 of 8
Sector: Renewable Energy M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 7
Country: Mexico M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Zola Electric

Arusha, Tanzania

Zola Electric is a provider of solar energy services to off-grid residential customers in Sub-Saharan Africa. Zola Electric is based in Arusha, Tanzania.

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