Australian residential renewables company Smart Energy has announced its acquisition by Rinnai Australia, a leader in energy-efficient home heating and water heating solutions.
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The acquisition follows a year that marked significant milestones for Smart Energy, with the company hitting record sales and installations.
Smart Energy co-founder Elliot Hayes said, “We are excited to be associated with a global company like Rinnai, which has a trusted presence in over 20 markets and a 50-year history in Australia. As we move forward, we remain committed to our core principles and to providing our customers with high-quality energy solutions.
“Our partnership with Rinnai will allow us to leverage its expertise in manufacturing and supply chain management to further enhance the quality of our products. Together, we will drive innovation, improve operational efficiencies, and create even greater value for our customers.”
With the acquisition of Smart Energy, Rinnai’s product portfolio expands to include renewable energy solutions that are crucial for sustainable living and energy independence.
“Rinnai has a long-standing reputation for quality, integrity and innovation and we’re excited to welcome Smart Energy into our group of companies as they share this same vision,” Rinnai Australia managing director Lucas Van Raay said.
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“This acquisition aligns perfectly with our goal of delivering innovative and environmentally responsible solutions to Australian households and businesses.”
