Nextpower expects greater access to solar developers and EPC customers across Europe through Zimmermann’s established market presence
Zimmermann adds fixed-tilt systems, solar carports, agrivoltaic solutions, floating solar technologies, and high-density trackers to Nextpower’s portfolio
The deal creates an incremental go-to-market channel for Nextpower’s BESS business
Nextpower, the US-based clean energy solutions group, is set to acquire Germany-based Zimmermann PV-Steel Group in a deal that could cost it up to €330 million in cash and stock, or approximately $378 million based on exchange rates as of June 20, 2026, the company said.
With over 20 GW capacity deployed, Zimmermann has delivered more than 20 GW across over 2,500 solar projects in 58 countries. This acquisition then strengthens Nextpower’s regional presence, especially in Europe, where it gets access to solar developers and EPC customers.
Zimmermann’s portfolio includes fixed-tilt systems, solar carports, high-density trackers, agrivoltaic (AgriPV) solutions, and floating solar technologies. Fixed-tilt, says Nextpower, accounts for approximately 50% of Europe’s utility PV market.
By adding Zimmermann’s portfolio, Nextpower expects to expand its ability to serve a wider range of solar projects, helping meet different land-use needs, permitting requirements, and regional market conditions.
The deal also creates an incremental go-to-market channel for Nextpower’s battery energy storage system (BESS) products, supporting the company’s growth in the rapidly expanding energy storage market.
Recently, Nextpower expanded its European solar portfolio with the NX Gemini 2P tracker system and introduced NX Anchor for the NX Horizon 1P tracker platform (see Nextpower Introduces New Solar Tracker, Foundation System). These products, along with Zimmermann’s portfolio, will more than double Nextpower’s addressable GW opportunity in Europe, says the company.
“This transaction represents the next chapter for Nextpower internationally,” said Dan Shugar, founder and CEO of Nextpower. “With Zimmermann, we will significantly expand our product platform and add complementary market presence and supply chain capability in Europe and beyond.”
“We see a clear opportunity to combine Zimmermann’s strong product engineering and execution capabilities with Nextpower’s bankability and complete product platform to better meet the needs of customers in Europe and accelerate profitable international growth,” added Shugar.
For Zimmermann, the acquisition by Nextpower, the world's leading solar tracker supplier, is expected to support its expansion into a wider geographic market. With Nextpower holding around 30% of the global solar tracker market, according to Wood Mackenzie, the deal provides Zimmermann access to a broader international customer base and stronger market reach (see 2025 Global Solar Tracker Shipments Top 134 GW DC).
On transaction close in H2 FY2027, Zimmermann PV-Steel will likely operate as Zimmermann PV, a Nextpower Company, to preserve continuity. Nextpower expects the business to contribute approximately €300 million in revenue and €45 million in adjusted EBITDA on an annual run-rate basis following transaction close.