FTC Solar Acquires China-based HX Tracker
June 14, 2022
FTC Solar, Inc. completed the acquisition of HX Tracker, a China-based supplier of single-row (1P) solar tracker systems. The purchase adds a 1P tracker solution optimized for low-labor-cost markets and is intended to accelerate FTC Solar's international expansion across China, the Middle East, Africa and other markets.
- Buyers
- FTC Solar, Inc.
- Targets
- HX Tracker
- Industry
- Renewable Energy
- Location
- China
- Transaction Type
- Buyout
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