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 Technology Hardware
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 2
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
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.

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Mergr

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