Nextracker Acquires Ojjo For $119M In All-Cash Transaction; Enhances Integrated Solar Solutions With Ojjo's Foundation Technology For Utility-Scale Ground-Mount Applications; Aims To Provide EPCs And Solar Power Plant Developers With Comprehensive Solutions For Various Soil Conditions
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Nextracker has acquired Ojjo for $119 million in an all-cash transaction. This acquisition aims to enhance Nextracker's integrated solar solutions with Ojjo's foundation technology for utility-scale ground-mount applications, providing EPCs and solar power plant developers with comprehensive solutions for various soil conditions.
June 20, 2024 | 1:56 pm
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Nextracker's acquisition of Ojjo for $119 million is set to enhance its integrated solar solutions, particularly for utility-scale ground-mount applications. This move is expected to provide EPCs and solar power plant developers with more comprehensive solutions for various soil conditions.
The acquisition of Ojjo by Nextracker is a strategic move to enhance its product offerings in the solar energy sector. By integrating Ojjo's foundation technology, Nextracker can provide more comprehensive solutions, which is likely to be viewed positively by investors.
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