Kinematics, a motion control manufacturer, has signed a definitive agreement to acquire P4Q, a company specializing in solar tracker controllers, industrial automation, sensors and cloud-based monitoring.
Credit: P4Q
Headquartered in Spain and with operations in Europe and the United States, P4Q specializes in the development of electronics for solar tracking controllers, technology that complements Kinematics’ actuation systems. By integrating P4Q’s capabilities into Kinematics portfolio of actuators, sensors and controllers, the combination will increase energy efficiency, reliability and precision to improve utility-scale solar production, Kinematics stated in a press release.
“Signing this agreement is a pivotal moment for Kinematics as we continue to push the boundaries of what’s possible in solar tracking technology,” said John Payne, Kinematics’ CEO. “Our market leading position and field-tested expertise as the most installed motion control system in the world, combined with P4Q’s expertise in advanced electronics, sensors and monitoring, will allow us to provide an even more comprehensive solution to our customers. Our mission is to accelerate the adoption of solar energy by maximizing performance and reliability of utility-scale solar tracking around the world.”
With the addition of P4Q, Kinematics will be able to offer complete global support through six manufacturing facilities and seven support offices worldwide, including a production plant in Albuquerque, New Mexico.
“P4Q continues on a growth trajectory boosted by our previous investment from Talde Private Equity, which has strengthened our diversification strategy, attracted top talent, and inaugurated our 4,500 m² headquarters in Spain as well as advanced service centers in Latin America,” said Aitor Alapont, CEO of P4Q. “Now, in partnership with Kinematics, we will be positioned to deliver even greater value to our customers, while reaffirming the commitment and engagement of our founders and entire solutions team in this ambitious, shared vision.”
Kinematics is a portfolio company of Angeleno Group, a clean energy and climate solutions venture capital and growth equity investment firm, based in the U.S.
News item from Kinematics