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Provo — Vivint Solar, Inc. and Solmetric Corporation today announced the closing of a merger that completes Vivint Solar's acquisition of Solmetric in an all-cash transaction. Solmetric Corporation, a developer of photovoltaic installation instruments and software, today becomes a wholly-owned subsidiary of Vivint Solar.
"The Solmetric team has developed industry-dominant SunEye hardware and PV Designer software product lines that have maintained an impressive, satisfied customer base," said Greg Butterfield, CEO of Vivint Solar.
"We are pleased with the merger agreement with Vivint Solar," said Willard MacDonald, president and CEO of Solmetric Corporation.
MacDonald will join Vivint Solar as vice president of technology development. All Solmetric employees will continue to be based in Sebastopol, Calif. Existing sales contracts, distribution partnerships and product availability will continue under the Solmetric brand.