E-MAIL FOR SPONSORSHIP

Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

The combined company is likely to earn 30% of its revenues from international projects in 2022

November 12, 2021

/ Harsh Shukla
/ Finance and M&A, Solar
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Array Technologies, a U.S.-based solar tracking systems manufacturer, has signed an agreement to acquire Soluciones Técnicas Integrales Norland (STI Norland) for €570 million (~$652.16 million) in cash and stock.

ℹ️ This article is free for registered users. Sign in to continue reading.

Sign In to Continue Reading

Create a free account to access the full article and exclusive features from Mercom India's renewable energy coverage.

✓Access to free articles and news
✓Save articles for later reading
✓Personalized content recommendations
✓Newsletter subscriptions
Sign Up FreeLog In
thumbnail

Harsh Shukla

More articles from Harsh Shukla.
acquisitionsArrayChinaEBIDTAEuropeRevenueSolar TrackerSTI Norland
PREVALL POSTSNEXT

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS