Carmanah has sold its Solar EPC business to UGE International
The shareholders of Carmanah Technologies Corp. have sold its solar EPC business to UGE International Ltd.
Carmanah Technologies designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Founded in 1996 in Canada, the company has built a reputation for delivering innovative solutions that offer cost savings while ensuring environmental sensitivity.
UGE International provides solar and renewable energy solutions for global enterprise customers. Its projects include solar and wind systems, microgrids and off-grid lighting and other energy platforms. The company was founded in 2008, with headquarters in New York City, USA, and Toronto, Canada, and a local office in the Philippines.
Oaklins’ team in Canada acted as financial advisor to Carmanah Technologies in this transaction.
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