Array Technologies to acquire STI Norland for $652m.

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.