Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business
Nextracker Inc. (NXT)
Company Research
Source: Business Wire
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (NASDAQ: NXT), a global provider of intelligent solar tracker and software solutions, today announced it has acquired Ojjo in an all-cash transaction for approximately $119 million. The purchase price is subject to working capital and other customary purchase price adjustments. Ojjo is a U.S.-based renewable energy company specializing in foundation technology and services used in utility-scale ground-mount applications for solar power generation. Combining Nextracker’s industry-leading smart solar tracker system with Ojjo’s foundation technology will enable engineering procurement construction companies (EPCs) and solar power plant developers to benefit from a more complete, integrated solution for various soil conditions when developing, designing, and installing their projects.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240620323461/en/Owned and operated by SB Energy, t
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