Nextracker acquires ojjo to expand utility-scale solar tracker foundations business

Fremont, calif.--(business wire)--nextracker (nasdaq: nxt), a global provider of intelligent solar tracker and software solutions, today announced it has acquired ojjo in an all-cash transaction for approximately $119 million. the purchase price is subject to working capital and other customary purchase price adjustments. ojjo is a u.s.-based renewable energy company specializing in foundation technology and services used in utility-scale ground-mount applications for solar power generation. co.
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