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News Release

The following content is a news release distributed by Business Wire. The original news release may be found here.

Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business

Distributed by Business Wire20 Jun 2024

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. Co...

Read the full news release here

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