Nextpower has announced that it has entered into a definitive agreement to acquire Germany-based solar technology provider Zimmermann PV-Steel Group in a transaction valued at up to €330 million (approximately $378 million), including cash and stock components.
The acquisition, subject to customary closing conditions and regulatory approvals, is expected to be completed in the second half of Nextpower’s fiscal 2027.
Zimmermann PV-Steel Group, founded in 1950 and active in the solar sector since 2009, has deployed more than 20 GW of solar infrastructure across over 2,500 projects in 58 countries. The company has a strong presence in Germany, one of Europe’s largest solar markets.
According to Nextpower, the acquisition is expected to strengthen its product portfolio and expand its engineering and structural solutions offering across Europe. The combined platform will include fixed-tilt systems, carports, high-density trackers, agriPV solutions, and floating PV technologies, enabling broader application across diverse land-use and permitting environments.
Nextpower CEO Dan Shugar said the deal marks a key step in the company’s international expansion strategy, adding that the integration of Zimmermann’s engineering capabilities with Nextpower’s platform is expected to enhance scalability and support profitable global growth.
Zimmermann CEO Robert Zimmermann stated that the partnership will allow the company to expand its global reach while maintaining its customer-focused engineering approach and regional relationships.
Following completion, Zimmermann PV-Steel Group will operate as “Zimmermann PV, a Nextpower Company,” ensuring continuity for customers, employees, and partners while leveraging Nextpower’s global footprint to accelerate growth.
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