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New Deal


Announced

Completed

Enphase Energy completed the acquisition of the Solar Design Services business of DIN Engineering Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Single Bidder

Cross Border

Friendly

Renewable Energy Equipment

India

Private

solar energy assets

Majority

Synopsis

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Enphase Energy, a global energy management technology company, completed the acquisition of the Solar Design Services business of DIN Engineering Services, a provider of outsourced proposal drawings and permit plan sets for residential solar installers in North America. Financial terms were not disclosed. "We are pleased to join forces with the Solar Design Services business to be acquired from DIN Engineering Services. We look forward to welcoming DIN’s current installers to Enphase upon close. We believe DIN’s proposal and permit plan services will benefit Enphase’s installers by enabling them to better utilize their limited resources to focus on other key areas of their business," Jeff McNeil, Enphase Energy COO.

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