Nextpower to Acquire Zimmermann PV-Steel Group for Up to €330 Million

Nextpower (Nasdaq: NXT) has entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based provider of solar mounting and structural solutions, for total consideration of cash and stock of up to €330 million (about $378 million). The deal is expected to close in the second half of Nextpower’s fiscal 2027 and is projected to contribute ~€300 million in annual run-rate revenue and ~€45 million in adjusted EBITDA after closing.