en.Wedoany.com Reported - Nextpower (NASDAQ: NXT) announced it has entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a German solar technology provider, for up to €330 million (approximately $378 million based on the June 20, 2026 exchange rate). Founded in 1950, Zimmermann entered the solar industry in 2009 and holds a strong presence in Germany, one of Europe's largest solar markets. It has delivered over 2,500 solar projects across 58 countries, with a cumulative deployment scale exceeding 20 GW.
The total consideration consists of cash and stock, subject to customary closing conditions, including necessary regulatory reviews, and is expected to close in the second half of Nextpower's fiscal year 2027. Through this acquisition, Nextpower will broaden its product portfolio and deepen its regional presence, accelerating its ability to provide integrated solutions for European solar developers and EPC customers. According to S&P Global data, fixed-tilt racking currently accounts for approximately 50% of the European utility-scale photovoltaic market, particularly in markets such as Germany, France, and Poland. Combined with Nextpower's recently launched NX Gemini™ 2P tracker, this transaction is expected to more than double Nextpower's addressable GW opportunity in Europe.
Dan Shugar, Founder and CEO of Nextpower, stated that Zimmermann's structural solutions, including fixed-tilt racking, carports, high-density trackers, innovative agrivoltaic solutions, and floating solar, will enrich Nextpower's European product portfolio to support a wider range of land use, permitting requirements, and regional application scenarios. Integrating Zimmermann's engineering and execution capabilities with Nextpower's bankability and complete product platform will help better meet European customer needs and accelerate profitable international growth.
Robert Zimmermann, Owner and CEO of Zimmermann, stated that Nextpower is highly complementary in technology, geographic reach, and customer focus. The scale and complementary capabilities it brings will help Zimmermann serve customers more broadly while preserving the local relationships and engineering focus that define the company's business.
Upon completion of the transaction, Zimmermann will operate under the name "Zimmermann PV, a Nextpower company" to maintain continuity for customers, employees, and regional market relationships, while scaling the business through Nextpower's global presence.
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