Nextracker Acquires Ojjo to Expand Utility-Scale Solar Foundations Business

June 20, 2024

Nextracker (NASDAQ: NXT) acquired U.S.-based Ojjo in an all-cash transaction for approximately $119 million, closing on June 20, 2024. The deal integrates Ojjo's patented foundation technology and geotechnical expertise with Nextracker's NX Horizon tracker systems to provide a more complete solution for utility-scale solar projects, particularly in challenging soil and rocky conditions.

Buyers
Nextracker
Targets
Ojjo
Industry
Energy
Location
United States
Transaction Type
Buyout

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