Nextpower Announces Agreement to Acquire Zimmermann PV-Steel Group, Strengthening Solar Product Portfolio and Market Footprint
The deal adds four product lines and is expected to contribute about €300 million in annual revenue and €45 million in adjusted EBITDA.
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Nextpower has announced the acquisition of the German manufacturer of photovoltaic structures Zimmermann PV Steel for 330 million euros —378 million dollars at the current change — in the largest purchase operation of a solar company in Europe so far this year. The transaction, which will be closed in cash and shares, is planned for the fiscal year 2027, once it receives the corresponding regulatory authorizations. The US company, specialized in…
Nextpower has announced the signing of a definitive agreement to acquire Zimmermann PV-Steel Group, a German supplier of solar technology with more than 20 gigawatts (GW) installed and a strong presence in Germany, one of the largest solar markets in Europe. Founded in 1950, Zimmermann joined the solar sector in 2009 and has participated in more than 2,500 photovoltaic projects in 58 countries. By expanding its product portfolio and strengthenin…
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