M&A Deal Summary

Nextracker Acquires Ojjo

On June 20, 2024, Nextracker acquired renewable energy company Ojjo for 119M USD

Acquisition Highlights
  • This is Nextracker’s 1st transaction in the Renewable Energy sector.
  • This is Nextracker’s largest (disclosed) transaction.
  • This is Nextracker’s 2nd transaction in the United States.
  • This is Nextracker’s 2nd transaction in California.

M&A Deal Summary

Date 2024-06-20
Target Ojjo
Sector Renewable Energy
Buyer(s) Nextracker
Deal Type Add-on Acquisition
Deal Value 119M USD

Target

Ojjo

San Rafael, California, United States
Ojjo is a renewable energy company specializing in foundation technology and services used in utility-scale ground-mount applications for solar power generation. Ojjo was formed in 2018 and is headquartered in San Rafael, California.

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Buyer(S) 1

Buyer

Nextracker

Fremont, California, United States

Category Company
Founded 2013
Sector Renewable Energy
Revenue 2.5B USD (2024)
DESCRIPTION

Nextracker is a provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar power plants around the world. Its products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker was formed in 2013 and is based in Fremont, California.


DEAL STATS #
Overall 2 of 4
Sector: Renewable Energy M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 4
State: California M&A 2 of 2
Country: United States M&A 2 of 4
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 Brightbox Technologies

Berkeley, California, United States

Brightbox Technologies, Inc. is a predictive modeling software and machine-learning technologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-29 OnSight Technology

United States

OnSight Technology is an autonomous robotic inspection and fire detection system for solar power plants. OnSight’s AI-driven tools enable predictive maintenance by identifying and forecasting common mechanical and electrical failures, helping asset owners reduce operational risk, improve uptime, and manage site health proactively.

Buy -