Montreal-headquartered ICP Solar Technologies Inc., a developer and manufacturer of solar cell products, has agreed to purchase all the issued and outstanding shares of Discover Power Inc., a San Diego-based distributor of solar electric and other renewable energy products.
According to the companies, the agreement allows ICP Solar to add off-grid and grid-tie solution offerings. In addition, Discover Power will expand its brand to the residential and leisure markets from the purchase.
‘Their location in Southern California is ideal given the Million Solar Roofs initiative being put into place by California Governor Arnold Schwarzenegger,’ says Sass Peress, ICP Solar's chief executive officer and chairman.
