Reliance to acquire US-based solar energy software maker for $32 million
Reliance Industries on Tuesday said it will acquire a majority stake in California-based solar energy software developer SenseHawk for USD 32 million (around Rs 256 crore).
The acquisition of a 79.4 per cent stake in SenseHawk is part of the conglomerate’s aggressive push into renewable energy to decarbonise its oil and chemical-dominated business.
SenseHawk, founded in 2018, develops tools for the solar industry to help companies streamline processes and use automation. It had a turnover of USD 2.3 million in last financial year.
