Polar Racking announced the acquisition of Axsus Solar, the solar division at Magna Closures Inc. last week. With the acquisition of Axsus Solar, Polar has added the Axsus Sol-X, a single-axis tracker, to its product line. Polar has seen business activity growing exponentially in 2022, and this is only expected to expand with the addition of the Sol-X single-axis tracker.
“The addition of Axsus Solar to Polar Racking advances our strategy to bring differentiated solutions to our customers, supports our mission to provide clients with cost-effective, high-quality solar racking solutions, and supports the exponential growth of our business,” says Vishal Lala, Managing Partner at Polar Racking. “We welcome the Axsus Solar team and suite of products to Polar, and we are confident that together, we will deliver innovative solutions for clients across North America and the Caribbean.”
Sol-X offers a a simple design that includes fewer components, a quick installation process, and requires less ground preparation on site.
In addition to the Sol-X, Axsus brings a seasoned management team and workforce to complement Polar’s team, with a proficiency in engineering, quality control, and project management, as well as additional product offerings.
“I’m delighted to be joining Polar and am looking forward to working collaboratively with the team in driving Polar’s strategy forward,” says Robert Souliere, newly appointed Director of Operations and Construction at Polar Racking. “The Sol-X is a great addition to the Polar product line and will expand our potential by giving us access to a market that’s increasingly choosing trackers over fixed-tilt systems as a result of their higher revenue generation.”
The combined teams have a total install base of over 3 GW, making them a leader in the world of solar mounting solutions. With this acquisition, the company strengthens its position in the solar industry, and Polar will continue to deliver innovative racking solutions for clients across North America and the Caribbean islands.
Have you checked out our YouTube page?
We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.
Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We discuss everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.