Nextracker has acquired Ojjo for $119 million, paying all-cash for the renewable vitality firm specializing in basis know-how and providers utilized in utility-scale photo voltaic ground-mount functions.
Nextracker hopes to mix its tracker system with Ojjo’s basis know-how to supply EPCs and solar energy plant builders to learn from an answer for numerous soil circumstances when creating, designing and putting in their initiatives.
“We’re thrilled to welcome Ojjo to Nextracker,” says Dan Shugar, founder and CEO of Nextracker.
“Our clients drastically worth confirmed built-in options to enhance undertaking design, simplify procurement and cut back threat for his or her initiatives. This partnership builds on our profitable product collaboration with Ojjo. Their staff brings geotechnical merchandise and experience in basis techniques which might be particularly well-suited to rocky websites, with management system mental property that’s broadly relevant to a spread of kit. This acquisition furthers our profitable world tracker basis enterprise with next-generation, differentiated know-how.”
The transaction closed this month, and isn’t anticipated to be materials to fiscal 2025 outcomes.
