Norwegian risk management company DNV GL has acquired Spanish solar monitoring, control, and asset management systems supplier GreenPowerMonitor.

With the completion of the acquisition, GreenPowerMonitor will be able to gain access to DNV GL's larger global network.

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DNV GL group's president and chief executive officer Remi Eriksen said: "The combination of DNV GL and GreenPowerMonitor is an excellent strategic fit and will enable us to serve our joint customer base with even better services.

“In particular, it brings together world leading domain knowledge, technical expertise, and digital delivery platforms, as well as data-driven services.

"The acquisition brings together world leading domain knowledge, technical expertise, and digital delivery platforms."

“Together with our trusted independent position, I am sure this will enable us to help the solar industry to advance even further.”

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Developed in 2008, GreenPowerMonitor employs 56 software experts who serve more than 200 customers worldwide. Its monitoring systems facilitate several developers, owners, and asset managers of large-scale plants to maximise  performance.

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GreenPowerMonitor's chief executive officer Juan Carlos Arévalo said: "This is an important milestone and true recognition of our capabilities as a provider of scalable monitoring and control system software for the solar industry.

“This transaction will strengthen our global delivery capabilities and continued technological development, benefitting customers and industry partners, as well as creating interesting opportunities for our employees.

“Our full team in Barcelona, Spain and San Jose in the USA will continue to serve our customers even better going forward.”