Empower Solar is thrilled to announce today the planned merger and acquisition (M&A) of our business operations with Next Energy. The M&A will see Next Energy Sdn. Bhd. fully retain all of Empower Solar’s assets, people, and customer contracts. The merged business will continue to operate under the Empower Solar brand.
“The M&A offers an exciting growth opportunity for Empower Solar to strengthen and expand its services not just in solar energy, but in renewable energy as a whole” explains Steven Chiew, Co-Founder and Managing Director of Empower Solar.
Lim Chze Hong, Co-Founder and Technical Director of Empower Solar, agrees and adds, “In the meantime, we will continue to do what we do best, which is to offer solar energy systems to consumers and businesses.”
The acquisition of Empower Solar by Next Energy is expected to be completed by second quarter of 2020.
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