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Otovo AS Class A ( (DE:89K) ) just unveiled an announcement.
Otovo AS has announced a strategic combination with U.S.-based Onvis Inc., marking a significant expansion into the U.S. market and the appointment of John Berger as the new CEO. This move aims to create a leading global platform for clean home energy, focusing on service, maintenance, and AI-native energy management across the USA and Europe. The combination will enhance Otovo’s market presence and operational capabilities, with expectations of achieving positive cash flow by Q2 2026.
More about Otovo AS Class A
Otovo AS is a company based in Oslo, Norway, founded in 2016. It specializes in providing direct sales, leasing, and services related to clean home energy solutions across 10 European countries. The company is listed on the Euronext Oslo Stock Exchange and focuses on home energy asset service, maintenance, and financing.
Average Trading Volume: 405,855
Current Market Cap: NOK190.1M
For a thorough assessment of 89K stock, go to TipRanks’ Stock Analysis page.