Array Technologies has concluded an agreement to acquire APA SolarA foundation and permanent assembly company located in Ohio. With this acquisition, Array Technologies will start offering an integrated tracker and foundation system, which means that project developers offer a solution that is made in their own country for difficult soil conditions that occur more often in new solar projects.
Credit: APA Solar
Array will also continue to offer APA’s Foundation Solutions for other Tracker brands and APA’s fixed-tilt racking products.
“We are delighted to announce the acquisition of APA, a strategic move that strengthens our capacities and expands the value we deliver to our customers. The demand for developed foundations is growing rapidly because of their ability to make projects in areas with more challenging soil conditions economically feasible. APA has a proven foundation system and performs in the most so offer in the most range of the supply in the most so -offer in the offer in the best so -offer in the most so -offer in the most so offering, and the offer in the hardest so -offer in the hardest so -offer in the hardest so -offering system and is offering the offer in the hardest so -offer in the hardest so -offer in the hardest so -offer in the most difficult so -offering system, and is offering the offer in the hardest so -offer in the hardest so -offer in the difficultest. From competitors, and is efficient, and is an efficient adjustment, and it is a more efficient CEO of Array. With this acquisition, Array will be able to deliver it. We have a shared vision with APA for what our combined technologies can achieve for customers and I am incredibly enthusiastic about the new opportunities that we can unlock together. “
“The joining forces with Array is a huge opportunity for our team and our customers. With our shared dedication to innovation and excellence, we are delighted to combine our strengths to increase an even greater value for our partners for solar industry. This acquisition marks the start of an exciting new chapter for our APA. “This is a crucial moment for the APA team. With Array we get access to extensive resources, additional expertise and a global commercial platform to scale our company. We are convinced that this partnership will improve our ability to serve customers in the utility scale segment and to further stimulate our operational exit.”
The transaction appreciates APA at around $ 179 million (excluding 45x credits). Josh von DeYLEN and Joe von DeYLEN, Chief Operations Officer, as well as the rest of the company’s senior management team, stay at APA after the closure of the acquisition and lead the new “foundation Solutions Business” from Array. The headquarters of APA and the most important production activities will still be in Rideville Corners, Ohio.
