The combination is expected to improve the financial standing of Westinghouse Solar allowing the company to better serve its established customers in the US and creating a more solid platform for international growth. For CBD, the merger provides an immediate point of access to the North American market driving rapid expansion for the combined business.
Westinghouse Solar and CBD have already begun exploring the development of commercial projects and partnerships in North America. In addition, CBD has begun introducing the Westinghouse Solar products to its Australian distribution partners and is pursuing opportunities to increase contract volumes with its current customers who would deploy the Westinghouse Solar technology.
Westinghouse Solar will continue to produce and sell its rooftop solar power systems in the US and will have near-term opportunities to distribute its systems in Australia and Europe through CBD...
Westinghouse Solar, CBD Energy in strategic merger deal
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