Nextpower acquires Zimmermann PV Steel in €330 million ($378 million) cash-and-stock transaction

Type: Acquisition · Technology: Solar · Country: Germany · Value: $378M · Announced: 2026-06-22

US-headquartered Nextpower agreed to acquire Zimmermann PV Steel Group, a German supplier of photovoltaic (PV) mounting systems, for approximately €330 million ($378 million) in a cash-and-stock transaction. The deal is expected to close in fiscal 2027, subject to regulatory review and closing conditions. Zimmermann has supplied mounting systems to over 20 GW of PV projects and operates across 15 European countries, with a strong presence in markets where fixed-tilt systems are preferred over trackers. Upon completion, Zimmermann will rebrand as Zimmermann PV, a Nextpower Company, and is projected to add €300 million in annual revenue and €45 million to Nextpower’s adjusted EBITDA. The acquisition will more than double Nextpower’s European market presence and introduce four new product lines, including fixed-tilt systems, PV carport systems, and agrivoltaics solutions.

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