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M&A Deal Summary

Sunna Design Acquires SOL

On March 19, 2020, Sunna Design acquired electrical equipment company SOL from Carmanah

Acquisition Highlights
  • This is Sunna Design’s 1st transaction in the Electrical Equipment sector.
  • This is Sunna Design’s 1st transaction in the United States.
  • This is Sunna Design’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-03-19
Target SOL
Sector Electrical Equipment
Buyer(s) Sunna Design
Sellers(s) Carmanah
Deal Type Divestiture

Target

SOL

Pompano Beach, Florida, United States
SOL, Inc. designs, manufactures and sells solar outdoor LED lighting solutions. Over the past two decades, the company has installed more than 60,000 systems in more than 60 countries on six continents. SOL Inc. has provided reliable, cost-effective, customized and esthetically pleasing solar lighting solutions for a wide range of lighting applications including roadways, parking lots, paths and trails, perimeter security, campuses, military bases, storage areas and for ad lights or monument signs. SOL’s lighting solutions are less expensive than grid-tied lighting for many applications because they eliminate the cost of wiring, trenching and other electrical and utility costs.

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Buyer(S) 1

Buyer

Sunna Design

Blanquefort, France
Category Company
Founded 2011
Sector Renewable Energy
DESCRIPTION

Sunna Design designs and produces innovative solar street lighting and energy management for connected stand-alone applications. Sunna Design was founded in 2011 and is based in Blanquefort, France.

DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Carmanah

Victoria, British Columbia, Canada
Category Company
Founded 1996
Sector Electrical Equipment
Revenue 31M CAD (2018)
DESCRIPTION

Carmanah is a designer and manufacturer of compliant solar and AC-powered systems for pedestrian and traffic safety across North America. Carmanah was founded in 1996 and is based in Victoria, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Cybernetica - EKTA Branded Products

Estonia

Cybernetica - EKTA Branded Products develops and manufactures light signaling and telematics products, maritime surveillance, and radio communications systems. Included within these are marine aids to navigation products.

Buy €1M
Mergr

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