Otovo agrees to acquire Green Panel for USD 11 million

Reuters2026/08/24 05:06

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Otovo agreed to acquire Green Panel for USD 11 million, expanding its behind-the-meter energy services footprint to 15 European markets.
Green Panel is expected to contribute USD 12.8 million revenue in 2026, with USD 2.9 million adjusted EBIT.
Consideration includes cash plus about USD 6 million in new Otovo shares, issued at NOK 11.46 per share.
Closing is conditional, with long-stop dates of Oct. 15, 2026 for the 51% holding-company purchase and March 15, 2027 for the remainder.
The deal adds field-service and logistics capabilities, centered on Green Panel’s Tel Aviv operations and its established business in Hungary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otovo ASA published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Otovo agrees to acquire Green Panel for USD 11 million

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