Alteris Renewables, one of the largest design-build solar integration companies in the Northeast is undergoing a merger with Real Goods Solar, the leading solar integrator in Colorado and California. The merger will result in a solar integration powerhouse with a coast-to-coast reach. Real Goods Solar has offered Alteris equity holders 8 million unregistered shares of its class A common stock (approx. $20 million) for the entirety of Alteris' outstanding equity. The merger is currently pending approval from Real Goods Solar's stakeholders.
With each company boasting 30 years experience in solar energy installation, the merger has the potential to set the company as the nations leading solar integrator.
For more information on the merger visit http://www.renewableenergyworld.com/rea/news/article/2011/06/solar-merger-real-goods-to-snap-up-alteris.