Nextracker, a world producer of photo voltaic trackers and associated software program options, introduced that it’s separating from guardian firm Flex.
Nextracker expects to file a registration assertion with the U.S. Securities and Trade Fee to provoke the method of separating from Flex, which is predicted to shut by March 31, 2024. Quite a lot of circumstances have to be met earlier than Nextracker can cut up from its present proprietor, and it isn’t assured that spin-off will happen.
“We’re grateful for our time inside Flex, as Flex helped us significantly in maturing our enterprise processes and supporting our enlargement into rising markets, particularly in our early years as a younger firm,” mentioned Dan Shugar, Nextracker founder and CEO. “We’re energized to begin our subsequent chapter.”
Information merchandise from Nextracker
