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M&A Deal Summary

FTC Solar Acquires HX Tracker

On June 14, 2022, FTC Solar acquired semiconductors company HX Tracker

Acquisition Highlights
  • This is FTC Solar’s 1st transaction in the Semiconductors sector.
  • This is FTC Solar’s 1st transaction in the United States.
  • This is FTC Solar’s 1st transaction in California.

M&A Deal Summary
Date 2022-06-14
Target HX Tracker
Sector Semiconductors
Buyer(s) FTC Solar
Deal Type Add-on Acquisition

Target

HX Tracker

Walnut, California, United States
HX Tracker is engaged in the design, development, and installation of solar tracking systems. HX Tracker was founded in 2019 and is based in Walnut, California.

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Buyer(S) 1

Buyer

FTC Solar

Austin, Texas, United States
Category Company
Founded 2017
Sector Renewable Energy
Employees202
Revenue 47M USD (2024)
DESCRIPTION

FTC Solar is a global provider of solar tracker systems, technology, software, and engineering services. FTC Solar was founded in 2017 and is based in Austin, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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