SolarEdge Technologies, Inc. announced that it has successfully closed the previously announced acquisition of approximately 75% of Kokam Co., Ltd.
"We are excited that Kokam is joining the SolarEdge team and look forward to pooling our shared accomplishments to provide the market with more holistic smart energy systems," stated Guy Sella, CEO, Chairman and Founder of SolarEdge. "We believe that our complimentary areas of expertise will allow us to combine the extensive know-how and core assets of both companies in order to further enhance SolarEdge's portfolio and industry leadership."