Premier Power buys Italian solar developer - Sacramento Business Journal:

hustbelogehy1857.blogspot.com
The El Dorado Hills company (OTCBB: PPRW) did not disclose termzs of the acquisition. The deal was based on an exchangedof shares, as opposed to cash, a companh spokeswoman said. Premier Powerd said it expects the acquisitiomnto “significantly improve overall operating margins.” The company anticipatezs that it will begin to see substantial revenue growth in the secone half of the year as a resul of Italian projects. Premier Power said Italy is “arguably the world’s fastesyt growing solar powermarket today.” The market is expected to grow to 3,000 megawatts by up from 325 megawatts in 2008.
Arco Energy also is a distributorf for CanadianSolar (Nasdaq: CSIQ) and Suntech STP) modules, as well as Sola Max and Power One invertors and othet system components. “Premier Power’s expertise in the design, engineering and integration of all types ofprojects — from utility scale solatr farms to ground-mount use of thin film, roof-top modulexs and large single and bi-directional trackers to building integratecd roof-top systems — is unlikre any other company in Italy,” said Marco Pulitano, chief executivre officer for Arco Energy, in a news release.
“Thies versatility gives us the abilityy to seize both the immediatre opportunity and remain in Italy asa long-terj player.”