SUNSYSTEM TECHNOLOGY acquired by OTOVO

Euronext Oslo-listed energy services provider Otovo ASA has executed a non-binding letter of intent to acquire 100% of the U.S.-based solar operations and maintenance firm SunSystem Technology, LLC (SST). Subject to satisfactory due diligence completion and definitive agreement executions, this cross-border buyout marks Otovo's seventh accretive M&A transaction completed since December 2025. For the acquirer, the transaction expands Otovo's geographic footprint in the United States by establishing a coast-to-coast asset management and service platform. SST delivers a 10-year operating history specializing in post-installation PV services, distributed generation asset management, energy storage infrastructure, and EV charging station networks. The industrial rationale focuses on capturing operational synergies by migrating SST’s multi-state field operations onto Otovo’s proprietary Endurance™ AI platform. This integration will automate client intake, technician dispatching, workflow scheduling, and supply chain logistics. By layering this advanced software architecture over SST's existing operations across 14 U.S. states, the joint enterprise scales its service capacity for residential portfolios, commercial system owners, equipment OEMs, and institutional asset managers.