Reliance to acquire majority stake in US solar technology firm SenseHawk
Reliance to acquire majority stake in US solar technology firm SenseHawk
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Reliance to acquire majority stake in US solar technology firm SenseHawk
Reliance Industries Ltd has signed definitive agreements to acquire a majority stake in SenseHawk Inc for a total transaction value of US$32 million.
According to an exchange filing, this transaction between Reliance Industries and US-based SenseHawk is subject to requisite regulatory approvals and other customary closing conditions and is likely to be completed before 2022.
SenseHawk offers an SDP SaaS for process optimization, automation, & asset information management for customers in the US, EMEA, APAC, and SEA.
Indian conglomerate Reliance Industries has acquired a 79.4% stake in US PV software developer SenseHawk via a US$32 million investment.