Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

The combined company is likely to earn 30% of its revenues from international projects in 2022

November 12, 2021

/ Harsh Shukla
/ Finance and M&A, Solar
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Array Technologies, a U.S.-based solar tracking systems manufacturer, has signed an agreement to acquire Soluciones Técnicas Integrales Norland (STI Norland) for €570 million (~$652.16 million) in cash and stock.

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Harsh Shukla

More articles from Harsh Shukla.
acquisitionsArrayChinaEBIDTAEuropeRevenueSolar TrackerSTI Norland
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