Nextpower to acquire Germany's Zimmermann PV-Steel for up to €330M in cash and stock

Filed June 22, 2026 · Period ending June 21, 2026 · ~2 min read

Key Changes

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  Nextpower signed definitive agreement to acquire Zimmermann PV-Steel Group for up to €330M (~$378M): €180M cash at close, €105M in NXT stock priced on 30-day VWAP, and up to €45M contingent cash. Deal expected to close in second half of fiscal 2027 pending regulatory approvals.

  Item 3.02 verify on EDGAR →
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  Zimmermann brings 20+ GW deployed across 58 countries, four new product lines (fixed-tilt, carports, high-density trackers, agriPV, floating PV), and access to 15 additional European markets. Fixed-tilt represents ~50% of Europe's utility solar market per S&P Global.

  Exhibit 99.1 verify on EDGAR →
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  Target expected to contribute ~€300M annual revenue and ~€45M adjusted EBITDA on run-rate basis post-close; transaction expected to be accretive. Combined with recent NX Gemini tracker launch, deal expected to more than double Nextpower's addressable GW opportunity in Europe.

  Exhibit 99.1 verify on EDGAR →