Nextracker announces acquisition of origami solar

Fremont, calif.--(business wire)--nextracker (nasdaq: nxt), a leading solar technology platform provider, today announced its expansion into the solar panel frame market with the acquisition of origami solar, inc., a pioneer in roll-formed steel frame technology, in an all-cash transaction of approximately $53 million including future contingent earnout consideration. steel frames offer a high-performance alternative to traditional extruded aluminum frames, delivering superior strength and dura.
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