Waaree enters Transformer Business with Strategic Majority Acquisition of Kotsons Private Limited

HOUSTON, Sept. 3, 2025 /PRNewswire/ -- Waaree Solar Americas, announced that its parent firm, Waaree Energies Limited, India's leading energy transition company, has acquired 64% equity stake in Kotsons Private Limited through a primary capital infusion, making Kotsons a subsidiary of Waaree Energies. The proceeds of this infusion will be strategically utilized to further expand Kotsons' manufacturing capacity, enabling it to meet the growing domestic and global demand for transformers.

Established in 1979, Kotsons brings over four decades of expertise in transformer manufacturing currently having a production capacity of 4,000 MVA. The company manufactures transformers up to 35 MVA 36kV and already holds UL certifications to serve the USA and Canada. This capacity will further be expanded to manufacture & supply 110kV/132kV/220kV transformers to USA & India.

For Waaree's customers, this translates into a more holistic offering - from world-class solar modules to transformers that ensure reliable grid integration, improved project economics, and faster deployment timelines.

Dr. Hitesh Doshi, Chairman & Managing Director, Waaree Group, said: "Transformers are a critical enabler in solar and renewable energy infrastructure, ensuring efficient power distribution and reliable grid integration across international markets. Waaree's entry into the transformer business through Kotsons is a strategic extension of our vision to provide integrated, end-to-end energy solutions. For our customers in the US and globally, this integration means access to world-class solar modules and internationally certified transformers, delivering trust, reliability and sustainability at scale. For Waaree, it strengthens our vertical integration, enhances global exporting capabilities, and brings us closer to our goal of becoming a leading global integrated energy solutions provider."

About Waaree Solar Americas Inc.

Waaree is a global leader in solar energy, boasting the largest presence outside of China. Our commitment to excellence, sustainability, and diversity drives us to harness solar power for a greener future. With operations across multiple continents, we deliver cutting-edge solar solutions worldwide. At Waaree Solar Americas, we take pride in our US manufacturing capabilities, contributing significantly to a sustainable and energy-independent future. Our reliable, efficient solar products support sustainable development and are backed by the latest technological advancements. We believe that diversity and inclusivity are key to innovation and success, and our workforce reflects this commitment.

Logo: https://mma.prnewswire.com/media/2585961/5365290/Waaree_Americas_Logo.jpg 

SOURCE Waaree Solar Americas Inc.