• Nextpower reached definitive agreement to acquire assets of Zigor power conversion business, including US subsidiary Apex Power, expanding into utility-scale solar power conversion.
• Consideration set at about $80.5 million cash, including $46 million at closing, with up to $34.5 million tied to earnouts.
• Deal adds modular, field-deployed inverter technology suitable for 1,500V solar and storage applications, with configurations up to 5.2 MVA.
• Nextpower also plans about $50 million of incremental investment to support growth initiatives tied to power conversion, with US manufacturing ramp targeted to begin in 2027.
• Closing remains subject to Spanish foreign direct investment approval and customary conditions; Zigor will retain its remaining operations outside assets being sold.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextPower Inc. published the original content used to generate this news brief on May 13, 2026, and is solely responsible for the information contained therein.