Maxeon Solar Technologies to acquire sales channel assets from Complete Solaria.

Maxeon Solar Technologies, a manufacturer of solar panels, agreed to acquire sales channel assets from Complete Solaria, a solar panel company. Financial terms were not disclosed. “We will be very happy to welcome Solaria’s dealer channel sales operations to the Maxeon family following close of the transaction. We expect that this transaction will expand our U.S. DG market footprint in two ways. First, incorporation of Solaria’s nationwide dealer channel will inject infrastructure, capabilities and reach that should meaningfully accelerate our direct sales efforts. Second, this transaction enables immediate access to a qualified source of tariff-free solar panels that we plan to market adjacent to our flagship IBC solar panels, allowing us to replicate in the US market the “better-best” product strategy we have successfully employed in our international markets for years. Finally, this transaction will allow Maxeon to consolidate two major shingled-cell IP portfolios, adding to the over 130 granted patents and over 80 pending patent applications for fundamental shingled solar cell panel technology that Maxeon designs and manufactures globally, and which we plan to use in our announced cell and module manufacturing facility in Albuquerque, New Mexico," Bill Mulligan, Maxeon CEO.