Nextpower (previously Nextracker) is planning to amass a European photo voltaic racking producer. Zimmermann PV-Metal Group of southern Germany produces fixed-tilt, floating and agrivoltaic racking for the European photo voltaic market.
Credit score: Nextpower
That is the most recent intent to buy one other firm in a string of acquisitions from Nextpower in the previous few years. After making its identify as a single-axis photo voltaic tracker producer, Nextpower has originated or principally acquired technologies to enter the photo voltaic foundations, inverter, energy storage, electrical balance of systems, PV steel module frames and different associated markets. These transactions mirror an unprecedented enlargement of Nextpower’s home manufacturing presence as nicely, opening and increasing new factories for photo voltaic tracker torque tube manufacturing with contract producers throughout the USA.
Nextpower intends to buy Zimmermann in a money and inventory transaction valued at $378 million, which is scheduled to shut within the latter half of 2027, in keeping with a press relase.
“This transaction represents the subsequent chapter for Nextpower internationally,” mentioned Dan Shugar, founder and CEO of Nextpower. “With Zimmermann, we are going to considerably increase our product platform and add complementary market presence and provide chain functionality in Europe and past. Zimmermann’s structural options, together with fastened tilt, carports, high-density trackers, revolutionary agriPV options and floating PV will increase our European portfolio to assist a broader vary of land-use, allowing necessities, and regional use instances. We see a transparent alternative to mix Zimmermann’s sturdy product engineering and execution capabilities with Nextpower’s bankability and full product platform to raised meet the wants of consumers in Europe and speed up worthwhile worldwide development.”
Nextpower not too long ago debuted its NX Gemini two-in-portrait, single-axis photo voltaic tracker in Europe, and when this acquisition closes, will mark its entry into the fastened and floating racking market.
“Zimmermann has constructed its enterprise by staying customer-focused and delivering high-quality engineered options for particular venture wants,” mentioned Robert Zimmermann, proprietor and CEO, Zimmermann. “In Nextpower, we see a accomplice with extremely complementary applied sciences, geographic footprint, and buyer focus. They bring about scale and complementary options and capabilities that can assist us serve our clients extra broadly whereas preserving the native relationships and engineering focus which have outlined our enterprise. We see this as an thrilling subsequent chapter for our firm and staff, in addition to for our clients, suppliers, and companions throughout Europe.”
Earlier this month, Nextracker sued international photo voltaic tracker competitor GameChange Photo voltaic for alleged patent infringement on “self powered” photo voltaic tracker elements.
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