In May 2022, TotalEnergies (NYSE:TTE) acquired SunPower Corp.’s (NASDAQ:SPWR) Commercial & Industrial Solutions (CIS) business. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider.
Kroll’s Transaction Advisory Services practice served as a sell-side technology carve-out advisor to SunPower Corporation in connection with the transaction.
About SunPower Corporation
Headquartered in California's Silicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Their 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.