Nextracker acquires Ojjo for $119M, integrating solar foundation tech and expanding patents.

Nextracker, a NASDAQ-listed solar tracker firm, acquired US-based renewable energy company, Ojjo, for $119M. The deal aims to combine Ojjo's foundation tech with Nextracker's smart solar tracker system, providing integrated solutions for various soil conditions in solar power projects. This acquisition expands Nextracker's solar foundation business and adds over 600 patents to its portfolio.

June 20, 2024
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