PV Evolution Labs Acquired by DNV GL
On March 17, 2014, DNV GL, a global independent testing, certification, and advisory company, and PV Evolution Labs (PVEL), the leading provider of PV solar module technical due diligence testing services in the U.S. solar PV industry, announced that they have signed an agreement for DNV GL to acquire PVEL. Wilson Sonsini Goodrich & Rosati advised PVEL in the transaction.
PVEL has laboratory and outdoor test facilities to evaluate solar panels and other solar system components, and its testing and assessment services help to reduce uncertainties and build confidence among investors in the solar industry and thus facilitate the industry's continued growth. DNV GL's acquisition of PVEL fits with its strategy to support the global energy industry in becoming cleaner, more reliable, and more efficient.
The Wilson Sonsini Goodrich & Rosati team that represented PVEL in the transaction includes partner Bob O'Connor; associates Jonathan Axelrad, Kendall Bodden, and Josh Bushinsky; and senior paralegal Karen Becker. In addition, partner Greg Broome and associate Myra Sutanto Shen provided tax representation and associate Michael Montfort provided employee benefits representation.
For more information, please see the companies' press release.