Nextpower enters $378m deal to acquire Zimmermann PV-Steel Group

Nasdaq-listed Nextpower has agreed to get Zimmermann PV-Steel Group, a Germany-based star exertion institution with operations successful much than 58 countries.

The projected transaction, which values Zimmermann astatine up to €330m ($378m), is structured arsenic a operation of currency and stock.

Zimmermann, headquartered successful Oberessendorf/Eberhardzell successful confederate Germany, was founded successful 1950 and entered the star assemblage successful 2009.

Since then, the institution is said to person delivered much than 2,500 star projects, supplying precision-engineered star substructures to installations totalling successful excess of 20GW worldwide.

According to Nextpower, Zimmermann PV-Steel Group's established beingness successful Europe, peculiarly successful Germany, is simply a important origin successful the acquisition. Germany accounted for astir 20% of Europe's ground-mounted photovoltaic (PV) marketplace successful 2025, with request focused predominantly connected fixed-tilt systems.

Nextpower stated that by acquiring Zimmermann, it aims to grow its merchandise portfolio and fortify its presumption successful Europe's ground-mount star segment.

Approximately fractional of Europe's ground-mounted PV installations usage fixed-tilt systems, a conception wherever Zimmermann holds a beardown position. Nextpower said the summation of Zimmermann would supply broader enactment for star developers and engineering, procurement and operation customers, covering some fixed-tilt and tracker-based ground-mount installation needs.

The acquisition volition widen Nextpower's addressable marketplace with 4 caller merchandise lines and grow its scope crossed 15 further countries. It volition besides supply entree to Zimmermann's ample bequest lawsuit base.

In summation to expanding its offerings successful star substructures, Nextpower indicated that Zimmermann's marketplace footprint volition enactment the organisation of its artillery vigor retention strategy (BESS) products. Nextpower claims that BESS installations are presently increasing astatine a compound yearly maturation complaint of much than 20%, with important uptake successful Germany and different European markets.

The institution expects Zimmermann's established go-to-market channels to facilitate incremental request for its merchandise portfolio, including trackers, electrical equilibrium of strategy products, powerfulness conversion systems and BESS.

Nextpower laminitis and CEO Dan Shugar said: "This transaction represents the adjacent section for Nextpower internationally.

"With Zimmermann, we volition importantly grow our merchandise level and adhd complementary marketplace beingness and proviso concatenation capableness successful Europe and beyond. Zimmermann's structural solutions, including fixed-tilt, carports, high-density trackers, innovative agriPV solutions and floating PV volition grow our European portfolio to enactment a broader scope of onshore use, permitting requirements and determination usage cases.