SolarEdge to acquire battery-maker Kokam

By Charles Morris Photovoltaic inverter manufacturer SolarEdge Technologies (NASDAQ: SEDG) has agreed to acquire a majority stake in Kokam, a South Korean provider of battery cells and energy storage solutions.
SolarEdge will invest approximately $88 million to acquire 75% of outstanding equity shares of Kokam. Over time, SolarEdge intends to purchase the remaining shares …read more

Source:: https://chargedevs.com/newswire/solaredge-to-acquire-battery-maker-kokam/