Nextpower agrees to acquire Germany’s Zimmermann PV-Steel Group for up to €330 million

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Nextpower

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  • Nextpower agreed to acquire Germany-based Zimmermann PV-Steel Group for up to EUR 330 million in cash and stock.
  • Deal aims to broaden Nextpower’s European solar offering, adding structural solutions such as fixed-tilt systems, carports, and floating PV.
  • Zimmermann has deployed more than 20 GW across 2,500 projects in 58 countries, expanding Nextpower’s reach by 15 countries.
  • Zimmermann is expected to add about EUR 300 million revenue and EUR 45 million adjusted EBITDA on an annual run-rate basis post-close.
  • Closing is targeted for the second half of Nextpower’s fiscal 2027; business to operate as “Zimmermann PV, a Nextpower Company”.


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