Our Corporate and M&A team has partnered with Faegre Drinker Biddle & Reath LLP to represent the shareholders of Anderson Optimization in the sale of their company.
PVcase, the global leader in solar project design software, has acquired Anderson Optimization, the world’s most popular solar siting software platform. The “software as a service” (SaaS) firm said it is making the acquisition to streamline the process of designing utility-scale solar power plants in E.U. markets.
We have provided assistance in drafting the transaction documentation, participated in negotiations, led the legal tasks from the Lithuanian perspective, and contributed to the successful completion of the transaction.
PVcase states that “Solar software incompatibility might seem like a technicality to some. But in our work across 75 countries, developers and asset owners say it’s emerging as a serious growth constraint,” said PVcase CEO Deividas Trainavičius. “With this acquisition, developers can cut their data loss risk substantially. And for European developers, we’ll be able to cut the project design process from weeks to roughly 20 minutes.”
This acquisition marks a significant milestone for a Lithuanian company in the United States, and we are delighted to have played a part in it.