Nextracker completes acquisition of Ojjo to expand utility-scale solar tracker foundations business
Acquiring Company
Nextracker
Acquired Company
Ojjo
FremontSan RafaelEnergySustainabilityNatural ResourcesManufacturingEnergyRenewable EnergySolarDescription
Nextracker has acquired Ojjo in an all-cash transaction for approximately $119 million. By combining Nextracker’s smart solar tracker system with Ojjo’s foundation technology, this acquisition will enable engineering procurement construction companies and solar power plant developers to benefit from a more complete, integrated solution for various soil conditions when developing, designing, and installing their projects.
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Frequently asked
Who acquired Ojjo?
Ojjo was acquired by Nextracker, based in Fremont. The deal was reported on June 20, 2024. Nextracker innovates and delivers a leading solar power technology platform with integrated tracker, electrical solutions, and yield management and control systems for utility-scale and distributed generation projects. Nextracker is privately held and operates in Energy.
When did Nextracker acquire Ojjo?
Nextracker's acquisition of Ojjo was reported on June 20, 2024. Nextracker has acquired Ojjo in an all-cash transaction for approximately $119 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ojjo do?
Ojjo has all the necessary capabilities to help the industry scale to take full advantage of this unique and timely opportunity.""Ojjo's Earth Truss systems have been proven in the field on hundreds of megawatts of projects, in a variety of soil conditions. It is privately held, operating in Manufacturing, and is based in San Rafael.
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