Nextpower Acquisition Twist: A European Growth Engine Emerges!

Nextpower has moved to deepen its international solar platform with a definitive agreement to acquire Germany-based Zimmermann PV-Steel Group for total consideration of up to €330 million, or about $378 million based on June 20, 2026 exchange rates. The announcement comes shortly after a strong fiscal 2026 finish, when Nextpower reported 20% annual revenue growth to roughly $3.56 billion, adjusted EBITDA of $854 million, record backlog above $5.25 billion, approximately $1.1 billion in cash, no debt, and an investment-grade credit rating. Management has already been pushing beyond trackers into a broader “everything but the panel” platform spanning foundations, eBOS, steel frames, power conversion, storage support, and software-enabled optimization. Zimmermann adds a European solar engineering specialist with more than 20 GW deployed, over 2,500 projects across 58 countries, and an established position in Germany’s utility-scale PV market.