Nextpower announced it entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with more than 20 gigawatts deployed and a strong market presence in Germany, one of Europe’s largest solar markets.
The transaction is expected to extend Nextpower’s addressable market with four new product lines, expand its reach across 15 additional countries, and provide access to Zimmermann’s large legacy customer base. Nextpower said Zimmermann’s established go-to-market channels are expected to support incremental demand for its broader product portfolio, including trackers, eBOS, PCS, and BESS.
Zimmermann was founded in 1950 and expanded into the solar industry in 2009. The company has delivered more than 2,500 solar projects across 58 countries. Its structural solutions include fixed tilt, carports, high-density trackers, agriPV solutions, and floating PV systems.
The total consideration for the transaction includes cash and stock of up to €330 million, or approximately $378 million based on exchange rates as of June 20, 2026. The transaction remains subject to customary closing conditions, including required regulatory review, and is expected to close in the second half of Nextpower’s fiscal 2027.
Following the close, the business is expected to contribute approximately €300 million in revenue and €45 million of adjusted EBITDA on an annual run-rate basis. Nextpower said the deal is expected to be accretive.
The acquisition is expected to expand Nextpower’s ability to support solar developers and EPC customers across Europe. According to S&P Global, fixed tilt represents about 50% of Europe’s utility PV market today, particularly in markets such as Germany, France, and Poland. Combined with Nextpower’s recent international launch of NX Gemini, a two-in-portrait tracker, the transaction is expected to more than double Nextpower’s addressable gigawatt opportunity in Europe.
After the transaction closes, Zimmermann is expected to operate as “Zimmermann PV, a Nextpower Company.” This structure is intended to preserve continuity for customers, employees, and regional market relationships while enabling the business to scale through Nextpower’s global footprint.
KEY QUOTES:
“This transaction represents the next chapter for Nextpower internationally. With Zimmermann, we will significantly expand our product platform and add complementary market presence and supply chain capability in Europe and beyond. Zimmermann’s structural solutions, including fixed tilt, carports, high-density trackers, innovative agriPV solutions, and floating PV will expand our European portfolio to support a broader range of land-use, permitting requirements, and regional use cases. 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.”
Dan Shugar, Founder and CEO of Nextpower
“Zimmermann has built its business by staying customer-focused and delivering high-quality engineered solutions for specific project needs. In Nextpower, we see a partner with highly complementary technologies, geographic footprint, and customer focus. They bring scale and complementary solutions and capabilities that will help us serve our customers more broadly while preserving the local relationships and engineering focus that have defined our business. We see this as an exciting next chapter for our company and employees, as well as for our customers, suppliers, and partners across Europe.”
Robert Zimmermann, Owner and CEO of Zimmermann
