Otovo completes acquisition of SunSystem Technology Otovo ASA has completed its acquisition of SunSystem Technology, LLC (SST). The Otovo SunSystem Technology Acquisition complements the company’s distributed energy services network across the country and expands its operational footprint in roughly 30% of the U.S. The Otovo SunSystem Technology Acquisition is the seventh acquisition completed since the Company’s December 2025 merger, further supporting its long-term growth strategy.
The deal is in line with the letter of intent announced in June 2026. This means SST’s operations are now part of Otovo’s national service platform. In addition, the integration provides the company with coast-to-coast coverage across the United States and expands its capabilities in distributed energy services.
The deal includes an earn-out of up to $1.3 million. The package requires a cash payment of $200,000 at closing. Also, future earn-out payments are linked to net income generated from U.S. operations through 2028.
The earn-out consists of cash payments and seller credits redeemable for shares. The first $300,000 of earn-out payments will initially be paid entirely in cash. Then the next $300,000 will be issued as seller credits that convert to company shares. In addition, any earn-out in excess of $600,000 will be split 50/50 between cash and seller credits.
Otovo Adds SST Operations to AI Powered Platform
Once the acquisition was completed, SST’s technicians, field operations and customer relationships were immediately absorbed under Otovo’s operational umbrella. Thus, customers will continue to receive services with improved technology capabilities.
Otovo has also started integrating SST’s field operations into its Endurance® AI platform. This integration expands automated service intake, dispatch management, scheduling and supply chain coordination across SST’s 14 state operating footprint. The company, therefore, looks forward to increasing operational efficiencies and servicing larger customer volumes in a number of regions.
The acquisition also shows Otovo’s disciplined and focused post-merger expansion strategy. “Since December 2025, the company has consistently acquired businesses that enhance its national footprint and drive profitable growth.
“Closing SST is a milestone for Otovo, as it proves out the acquisition model we’ve been running since December,” said William J. (John) Berger, CEO of Otovo. “Every deal we’ve closed has added scale, technology leverage and profitable revenue to the platform, and SST is no exception. We’re now positioned to serve solar, storage, and EV charging customers nationwide, backed by Endurance® and a growing team that knows how to deliver reliable service at scale.”
“We’re excited to officially join the Otovo team,” said Matt Alestra, CEO of SunSystem Technology. “This closing lets us move quickly. Our customers will start seeing the benefits of Otovo’s AI-driven platform right away, without any disruption to the high level of service they count on from SST.”
Acquisition Supports Long-Term Growth Strategy
Otovo believes this acquisition further strengthens its position in the distributed energy services market. The company continues expanding its technology-enabled platform while integrating newly acquired businesses efficiently.
Moreover, the expanded footprint allows Otovo to support customers across solar energy, battery storage, and electric vehicle charging services through a unified platform. The Endurance® AI system further enhances operational coordination by streamlining workflows and improving service delivery.
Looking ahead, Otovo plans to continue pursuing strategic acquisitions in the coming quarters. The company aims to build one of the leading technology-enabled energy services platforms in the United States by combining nationwide service coverage with AI-powered operational capabilities.
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News Source: Businesswire.com
