Juhl Energy announced that it has acquired solar power systems and components online distributor PV Power in US.

PV Power, which is founded in 2009 and based in Chicago, is specialised in the sale and distribution of solar panels, inverters, monitors, charge controllers, and solar batteries.

Juhl Energy and PV Power will be launching a line of complete solar power systems, as part of the acquisition.

Through its self-developed web applications, PV Power helps solar installers increase productivity and efficiency.

Juhl Energy chairman and CEO Dan Juhl said the company views purchase of PV Power as a smart and focused expansion strategy based on their success and the fact that they have been operating profitably for the past year.

"This acquisition is part of our larger diversification strategy, and we expect it to grow considerably with the added exposure of being part of the Juhl Energy portfolio of companies," Juhl added.