Behind-the-Meter Solar Acquisitions

Otovo agreed to acquire PV Hawaii and Mr. Elektro in a deal worth about $4.6 million, marking the company's first move into Hawaii and expanding its reach in Norway and Sweden. PV Hawaii brings a licensed field crew serving Oahu, while Mr. Elektro is a 12-year-old solar and EV charging contractor authorized to work in both Norway and Sweden.

Both companies will run on Otovo's Endurance AI platform, which automates scheduling and dispatch to give customers faster service. This marks Otovo's ninth and 10th acquisitions since December 2025, is expected to add $8.7 million in combined revenue by 2027 and will bring the company's footprint to 17 U.S. states and 15 European markets.

Otovo's approach shows how pairing local teams with shared AI tools can bring reliable service to new markets quickly without losing the local relationships each business already has.