Marley buys US rooftop solar systems supplier Viridian

Residential solar system. Author: mjmonty. License: Creative Commons, Attribution 2.0 Generic.

April 5 (Renewables Now) - UK roofing systems manufacturer Marley Ltd has taken over Viridian Solar Ltd, a provider of roof-integrated solar panels, for an undisclosed amount.

Viridian said in a statement that this transaction will help it in its efforts to grow.

The two companies are already working together in the field of rooftop solar installations. Last July, they announced a commercial partnership under which Marley offers its customers a roof-integrated solar system based on the solar manufacturer's Clearline fusion products. The new solution is called the Marley SolarTile and is designed to work with existing roof structures to directly replace roof tile sections.

"Viridian’s strong relationship with housing developers and solar distributors is complemented by Marley’s commercial reach into social housing and among roofing installers,” stated David Speakman, CEO of Marley.

Following the acquisition, Viridian will continue to operate as a standalone entity, led by its current management team. At the same time, Marley will continue to be a customer of Viridian when it comes to the supply of its full solar roof system to roofing contractors and merchants for housebuilder customers across the UK.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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