SolarEdge to acquire Hark Systems; financial terms not disclosed

SolarEdge Technologies announced that it has entered into a definitive agreement to acquire the entire share capital of Hark Systems Ltd. "Hark’s SaaS platform will enable us to grow our extensive commercial and industrial energy management portfolio and offer additional services to our C&I customers," said Zvi Lando, CEO, SolarEdge Technologies. "Coupled with our smart energy solutions, Hark’s advanced technological capabilities can provide enterprises with greater transparency and control of their energy usage and carbon emissions." The acquisition is subject to certain customary closing conditions and regulatory approvals and is expected to close during the second quarter of 2023.