Otovo signs LOI to buy US solar O&M provider SunSystem Technology for up to $2.07 million

  • Otovo has signed a non-binding LOI to buy SunSystem Technology, a U.S. operations and maintenance provider for distributed generation assets.
  • Consideration includes $0.77 million cash at closing, plus a three-year earn-out of up to $1.3 million in cash and Otovo shares.
  • SST generated about $14 million revenue in 2025; maximum EV/revenue implied at 0.15x assuming full earn-out.
  • Deal would expand Otovo’s U.S. footprint to coast-to-coast coverage across 14 states, complementing existing operations.
  • SST’s field operations are slated for integration onto the Endurance AI platform to automate dispatch, scheduling, and supply chain.


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