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Nextpower to Acquire Germany's Zimmermann PV-Steel Group for EUR 330 Mn

Nextpower has signed a definitive agreement to acquire Germany's Zimmermann PV-Steel Group for up to EUR 330 million, a transaction expected to close in the second half of fiscal 2027 and expand the company's addressable solar market in Europe by more than twofold.

June 23, 2026. By Mrinmoy Dey

Nextpower has announced that it has entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with more than 20 GW deployed and a deep market presence in Germany.

Zimmermann was founded in 1950 and expanded into the solar industry in 2009, delivering more than 2,500 solar projects across 58 countries. By broadening its product portfolio and deepening its regional presence, this acquisition will accelerate Nextpower’s ability to deliver support and comprehensive solutions to solar developers and EPC customers across Europe, stated the company.

The total consideration for the transaction is comprised of cash and stock of up to EUR 330 million, and is subject to customary closing conditions, including required regulatory review. The transaction is expected to close in the second half of fiscal 2027.

Commenting on the development, Dan Shugar, founder and CEO of Nextpower, said, “This transaction represents the next chapter for Nextpower internationally. With Zimmermann, we will significantly expand our product platform and add complementary market presence and supply chain capability in Europe and beyond. Zimmermann’s structural solutions, including fixed tilt, carports, high-density trackers, innovative agriPV solutions, and floating PV, will expand our European portfolio to support a broader range of land-use, permitting requirements, and regional use cases. We see a clear opportunity to combine Zimmermann’s strong product engineering and execution capabilities with Nextpower’s bankability and complete product platform to better meet the needs of customers in Europe and accelerate profitable international growth.”

Robert Zimmermann, Owner and CEO, Zimmermann, remarked, “Zimmermann has built its business by staying customer-focused and delivering high-quality engineered solutions for specific project needs. In Nextpower, we see a partner with highly complementary technologies, geographic footprint, and customer focus. They bring scale and complementary solutions and capabilities that will help us serve our customers more broadly while preserving the local relationships and engineering focus that have defined our business.”

Fixed tilt represents approximately 50 percent of Europe's utility PV market today, according to S&P Global, especially in markets such as Germany, France, and Poland. This transaction, together with Nextpower’s recent international launch of NX Gemini, a two-in-portrait (2P) tracker, is expected to more than double Nextpower’s addressable GW opportunity in Europe, stated the company.

Tags:

Solar PV

NextPower

Zimmermann PV-Steel Group

PV structural solutions

Dan Shugar

Robert Zimmermann