| Buyer: | Nextpower |
| Seller: | Zimmermann Shareholders
|
| Advisory sell side: | Peryton Advisory | M&A Advisory KPMG Law | Legal Advisory KPMG AG Wirtschaftsprüfungsgesellschaft | Tax Advisory |
| Advisory buy side: | Gleiss Lutz | Legal Advisory |
| Date announced: | 22-06-2026 |
Nextpower (NASDAQ: NXT), a US-listed provider of solar and power technology solutions, has entered into a definitive agreement to acquire Germany-based Zimmermann PV-Steel Group for a total consideration of up to €330 million, consisting of cash and stock.
The transaction remains subject to customary closing conditions, including regulatory approvals, and is expected to close during the second half of Nextpower’s fiscal 2027.
About Zimmermann
Headquartered in Eberhardzell, Germany, Zimmermann PV-Steel Group was founded in 1950 and entered the photovoltaic market in 2009. The company develops, plans and supplies solar substructures, including fixed-tilt systems, trackers, carports, agriPV solutions and floating solar applications.
Zimmermann has delivered more than 2,500 solar projects across 58 countries and deployed more than 20 GW of solar capacity worldwide.
Strategic rationale
The acquisition represents a significant step in Nextpower’s international expansion strategy and strengthens its position in the European solar market.
By combining Zimmermann’s engineering expertise, structural solutions and established customer relationships with Nextpower’s global scale and broader solar technology platform, the combined business aims to expand its offering across utility-scale solar projects throughout Europe and beyond.
Following completion, the business is expected to operate as “Zimmermann PV, a Nextpower Company”, preserving continuity for customers, employees and regional market relationships.
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