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Fortive unit buys solar test maker Solmetric

admin by admin
September 20, 2023
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Fortive unit buys solar test maker Solmetric
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US test and measurement solutions provider Fluke Corp, a unit of US industrial technologies company Fortive Corp (NYSE:FTV), has unveiled the acquisition of Solmetric, a California-based maker of high precision, solar test and measurement products.

The investment, whose terms were not disclosed, was aligned with Fluke’s push to become a leader in solar solutions and its strategic commitment to investing in electrification, a press release said.

Solmetric’s flagship product is the PV Analyzer, a I-V curve tracer for solar installations used for field testing applications such as commissioning, auditing and troubleshooting solar arrays. It also offers, among others, the SunEye shade measurement tool. The company was founded in 2005.

Set up in 1948, Fluke specialises in electronic test tools for technicians, engineers, electricians and metrologists. The company already has a renewable energy and solar industry solutions offering, including PV testing equipment, power quality testing and electric vehicle supply equipment (EVSE) test tools.

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Tags: Mergers & Acquisitions USA Electrical Components/Equipment Machinery/Engineering Solar Power
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