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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