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Following a period of voluntary administration, Brisbane-based renewable energy business Redback Technologies has been acquired by fintech company Australia Ebon Group.
Redback welcomed the opportunity to resume its mission of providing sustainable energy solutions engineered in Australia for Australian homes and businesses.
The business’s local tech support and warranty teams will continue to support installers with Redback Technologies’ systems. Additionally, all Redback warranty policies remain intact and unaffected by the change.
Redback Technologies extended its deepest appreciation to the network of homeowners, distributors, installers, partners and stakeholders across Australia and New Zealand who had supported it during the voluntary administration period.
Redback said the new ownership would allow it to continue to invest in leading edge technology as well as maximising the global relationships that Australia Ebon Group holds.
“I am thrilled to say that Redback Technologies is here to stay,” said Dr Adrian Knack, CEO of Redback Technologies. “The partnership with Australia Ebon Group will enable Redback to continue to deliver quality products to our customers and explore opportunities to grow our service offerings in the future.
“Throughout our journey, the support and dedication of every member of the Redback Technologies team, our partners, installers and customers have been truly inspiring. I extend my heartfelt thanks to McGrath Nicol Restructuring for their invaluable guidance during our restructuring phase,” Knack continued.
“Our commitment to providing high-quality Australian-engineered solutions remains unwavering, and we are proud to continue our operations under new investment.”
Image credit: iStock.com/filo
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