Spice Route Legal
Reliance Industries acquires majority stake in Sensehawk for USD 32 million
We are pleased to have advised US-based SenseHawk Inc., an analytics platform for solar energy companies across the whole lifecycle of projects, on an acquisition by Reliance Industries for USD 32 million. The company is a market leader in thermography and automated analysis for the solar industry. Sensehawk’s innovative technology allows users to connect asset data, processes, teams and organisations through the entire solar asset lifecycle.
The deal fell into a particular sweet spot for the firm – allowing us to combine our Energy expertise with our M&A, and Data expertise to drive the deal forward. Praveen Raju, who is the head of our energy and sustainability practice area, led the transaction along with Renuka Abraham, Swarna Jain, Felina Das, and Arnav Bose. Covington & Burling acted for the acquirers.
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