Nextpower to acquire Zimmermann PV Steel in $378 million transaction

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Nextpower, a US-based company, announced its plan to acquire Zimmermann PV Steel, a German solar photovoltaic mounting systems supplier, in a transaction valued at around $378 million. The deal, subject to regulatory review, is expected to close by fiscal year 2027.

US company Nextpower has announced plans to acquire German PV mounting systems supplier Zimmermann PV Steel, in a transaction worth around €330 million ($378 million) in cash and stocks. The deal is subject to closing conditions and regulatory review, expected to close in fiscal 2027. The post Nextpower to acquire Zimmermann PV Steel in $378 million transaction appeared first on pv magazine Global.