The diversified holding company TGI Solar Power Group Inc (OTCMKTS:TSPG) has come up with a strategy that is focused on the acquisition of patented and innovative technologies, designs, processes, components and methods with commercial value. The company seeks to gain competitive advantages through these acquisitions and generate value for its shareholders.
Earlier on in the year on January 23, the company had been in the news after it announced that it had finally completed its business combination with Shelly North Carolina Inc. Shelly is well known for having artificial intelligence solutions which help businesses to interact with their customers in a much more effective way. That can often help these companies in being a major player in their industries and generating value for its shareholders.
The strategy that is employed by Shelly is known as NO SOLIUS (no software, no license, no user fees). At the time it was announced that TGI Solar Power and Shelly were going to complete the transaction once the necessary reviews had been completed. Once the whole thing is completed the Chief Executive Officer of Shelly, Philippe Machuel would take over as the CEO of TGI Solar Power.