acquisition news

Array Technologies Buys STI Norland in $652 million Tracker Deal

American solar tracker firm Array Technologies is in advanced talks to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in a deal valued at around €570 million (US$652 million) in cash (€351 million/US$401 million) and stock. The  deal closure is expected by Q1 of 2022. In 2020, STI generated revenues and EBIDTA of […]

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