Funding and M&A Roundup: Nextracker Acquires Bentek Corporation
Battery manufacturer VFlowTech raises $20.5 million in funding
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Nextracker, a solar tracker and software solutions provider, announced the acquisition of Bentek Corporation, a provider of electrical balance of system (eBOS) solutions. This all-cash acquisition is valued at approximately $78 million, including future contingent earnout. eBOS technology components comprise electrical infrastructure used in all utility-scale solar projects, which collects and transports electricity from solar panels to power conditioning systems.
