US-based utility-scale solar tracker technology multinational Array Technologies has entered into a definitive agreement to acquire Spain-based solar tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) for about €570-million in cash and stock, which will help to accelerate international expansion plans. “STI Norland brings to Array a proven product line that is ideally suited for complementary markets, which will help to accelerate our international expansion plans. The increased scale of the combined enterprise also provides opportunities for significant cost reduction as we drive greater volumes with our suppliers and achieve increased leverage on our fixed costs,” says Array chairperson Brad Forth.
News
You are here: Home1 / News2 / Industry News3 / Array Technologies’ acquisition of STI Norland to aid expansion effort...
You might also like
INDUSTRY NEWS
- AfDB provides $474m loan for South Africa’s energy transition, infrastructure governanceJuly 25, 2025 - 11:05 am
- South Africa urged to maximise short-term coal gains while accelerating long-term energy transitionJuly 24, 2025 - 4:04 pm
- Licensed electricity traders see Nersa rules process as opportunity to bolster certaintyJuly 24, 2025 - 1:04 pm
WHERE TO FIND US
Address
9 Yellow Street
Botshabelo Industrial Area
Botshabelo, Free State
Call / Email Us
Tel: +27 (0) 61 956 6772
Email: info@transfix.co.za