STOCK TITAN

Fluke Corp. Acquires Solar Test and Measurement Leader, Solmetric

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Rhea-AI Summary
Fluke Corp acquires Solmetric, enhancing their portfolio of solutions for solar technicians and expanding their global reach.
Positive
  • The acquisition strengthens Fluke's position in the solar solutions market and demonstrates their commitment to investing in the electrification of the world.
  • Fluke's acquisition of Solmetric brings innovative solar tools and expands their distribution channels, allowing them to serve a global audience better.
Negative
  • None.
  • The acquisition means Fluke is one step closer to becoming a leader in solar solutions, demonstrating their commitment to investing in the electrification of the world.
  • Elevates Fluke’s portfolio of solutions for solar technicians with the PVA-1500, a product with 1500V commissioning capabilities, which enhances their ability to serve the utility market.
  • Pairing Solmetric’s innovative technology with Fluke’s vast distribution channels expands their ability to serve a global audience with high-quality, safe, and reliable tools.

EVERETT, Wash.--(BUSINESS WIRE)-- Fluke Corp, a wholly owned subsidiary of Fortive Corporation [NYSE: FTV] and a global leader in test and measurement instruments, has acquired California-based Solmetric, a market leader in high precision, solar test, and measurement products.

Fluke's acquisition of Solmetric reinforces the company's strategic commitment to investing in the electrification of the world on a global scale, while continuing to bring innovative products to technicians who demand reliability, high quality, and safety.  (Graphic: Business Wire)

Fluke's acquisition of Solmetric reinforces the company's strategic commitment to investing in the electrification of the world on a global scale, while continuing to bring innovative products to technicians who demand reliability, high quality, and safety.  (Graphic: Business Wire)

Today’s announcement reinforces Fluke’s strategic commitment to investing in the electrification of the world on a global scale, while continuing to bring innovative products to technicians who demand reliability, high quality, and safety.

Solmetric is best known for the PV Analyzer, a US market-leading I-V curve tracer, the de facto industry standard for commissioning solar installations. It’s used for field testing applications such as commissioning, auditing, and troubleshooting PV arrays. The PVA-1500HE is a 1,500-volt I-V curve tracer, capable of testing high-efficiency modules, and is particularly suited to the utility-scale solar industry.

The acquisition also includes its shade measurement tool, the SunEye used for shade analysis, enabling expert solar designs with the highest ROI for solar professionals and their customers.

Fluke Corporation’s President Jason Waxman commented: “Today marks a significant milestone in our journey. Fluke’s acquisition of Solmetric reflects our commitment to delivering the best possible products to technicians in the field. Their innovative solar tools and team’s deep knowledge in the space, combined with Fluke’s passion to advance the electrification of the world more efficiently will enable us to transform this landscape to serve customers better.”

Willard MacDonald of Solmetric added: “We are excited to see Solmetric grow under Fluke’s leadership. With access to their vast distribution channels, an expanded, global audience will be able to experience the benefits of our products. Fluke is as passionate about delivering the next generation of solutions for solar customers as we are – it’s a great fit.”

This acquisition extends Fluke’s product line, combining two powerful brands in the solar test and measurement space.

Solmetric was founded in 2005, their experts have extensive experience in the solar installation industry and in the development of high-precision test and measurement tools. The acquisition will see all employees retained under Fluke’s leadership.

For information on Fluke tools and applications, or to find the location of your nearest distributor, contact Fluke Corporation, P.O. Box 9090, Everett, WA USA 98206, call (800) 44-FLUKE (800-443-5853), fax (425) 446-5116, e-mail fluke-info@fluke.com or visit the Fluke Web site at http://www.fluke.com.

About Fluke

Founded in 1948, Fluke Corporation is a global leader in compact, professional electronic test tools. Fluke customers are technicians, engineers, electricians, and metrologists who install, troubleshoot and manage industrial, electrical and electronic equipment and calibration processes.

About Solmetric

Solmetric is a leading developer of solar test and measurement equipment. It was founded in 2005 and is best known for its shade measurement tool, the SunEye, and its I-V curve tracer, the PV Analyzer.

Fluke is a registered trademark of Fluke Corporation. The names of actual companies and products mentioned herein may be the trademarks of their respective owners. For more information, visit the Fluke website.

Georgia Marchant

Head of External Communications

Fluke Corporation & Fluke Reliability

Georgia.marchant@fluke.com

Source: Fluke Corp

Fortive Corporation

NYSE:FTV

FTV Rankings

FTV Latest News

FTV Stock Data

25.46B
345.74M
0.31%
95.84%
0.84%
Scientific & Technical Instruments
Industrial Instruments for Measurement, Display, and Control
Link
United States of America
EVERETT