Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business [Yahoo! Finance]
Nextracker Inc. (NXT)
Company Research
Source: Yahoo! Finance
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. "We are thrilled to welcome Ojjo to Nextracker," said Dan Shugar, founder and CEO of Nextracker. "Our customers greatly value proven integrated solutions to improve project design, simplify procurement, and reduce risk for their projects. This partnership builds on our successful product collabor
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NXT
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- 8/1/24 - Beat
NXT
Sec Filings
- 8/20/24 - Form 4
- 8/20/24 - Form 4
- 8/20/24 - Form 4
- NXT's page on the SEC website