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EnerWorks Signs Binding Purchase Agreement with Provision Solar |
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Monday, 23 May 2011 |
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EnerWorks and Provision Solar today announced that they have signed a binding Purchase Agreement to sell EnerWorks to Provision Solar, based in Woodstock Ontario. Provision Solar operates under the name Proterra Solar and is part of a group of companies which includes Trigon, a construction management firm that has expertise in the solar field and Uvalux Tanning & Support which is a leader marketing and distribution. The sale is expected to close on or about May 18, 2011.
The business will continue to operate under the EnerWorks name, and all current EnerWorks products will continue in the market. In addition, the EnerWorks business will now offer Proterra Solars high quality evacuated tube solar thermal products.
EnerWorks operations have been relocated to Woodstock, Ontario and the new factory is already up and running.
EnerWorks product offerings, pricing, and distribution partnerships are expected to remain in place - subject to future review and modification as per normal business practices.
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