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Ftc Solar Closes Acquisition Of Hx Tracker

PUBLIC · FTCIJun 14, 2022

Acquiring Company

FTC Solar

Acquired Company

HX Tracker

AustinEnergySustainabilityNatural ResourcesRenewable Energy

Description

FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it closed the acquisition of HX Tracker, an emerging China-based supplier of 1P tracker systems.

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Company Information

Company

FTC Solar

Location

Austin, Texas, United States

About

FTC Solar is a fast-growing, global provider of solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun. FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation and speed advantage. Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is headquartered in Austin, Texas with sales and support resources in Australia, India, the Middle East and Southeast Asia.

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Frequently asked

Who acquired HX Tracker?

HX Tracker was acquired by FTC Solar, based in Austin. The deal was reported on June 14, 2022. FTC Solar is a fast-growing, global provider of solar tracker systems, technology, software, and engineering services. FTC Solar is publicly traded (FTCI) and operates in Energy.

When did FTC Solar acquire HX Tracker?

FTC Solar's acquisition of HX Tracker was reported on June 14, 2022. FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it closed the acquisition of HX Tracker, an emerging China-based supplier of 1P tracker systems. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does HX Tracker do?

Tracker.ly is the only service that creates, manages, and tracks every type of marketing side-by-side, with unlimited marketing campaigns per destination. It is privately held.

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