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New Deal


Announced

Array Technologies to acquire STI Norland for $652m.

Financials

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Transaction Value£485m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales2.8x
EV/EBITDA13.23x
Share Price Premium-
One Off Charge-

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Renewable Energy Equipment

solar energy equipments

Spain

Pending

Cross Border

Private

Majority

Acquisition

Single Bidder

Synopsis

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Array Technologies, a provider of utility-scale solar tracker technology, agreed to acquire STI Norland, a developer of fixed-tilt structures and trackers for utility-scale PV plants, for $652m. “We look forward to welcoming STI Norland’s employees to Array. Both STI Norland and Array are rooted in entrepreneurial, founder-operated businesses that are focused on innovation. Together, I believe we have the technology, culture and capabilities to build a truly global business that can create tremendous value for our customers, employees and shareholders,” Jim Fusaro, Array CEO.

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