On the Record · Nextpower
Nextpower acquisitions, on the record
The businesses Nextpower bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
NextrackerWord for word“We were founded in 2013 by our Chief Executive Officer, Dan Shugar, and were acquired by Flex Ltd ("Flex") in 2015.” 10-K for 2024 | acquisition | 2015 | — |
BrightBox TechnologiesWord for word“In 2016, Flex acquired BrightBox Technologies on our behalf to further our machine learning capabilities.” 10-K for 2024 | acquisition | 2016 | — |
Nextracker LLC common units from Yuma and TPG RiseWord for word“On July 3, 2023 we completed a follow-on offering of Class A common stock and issued 15,631,562 shares of Class A common stock and received net proceeds of $552.0 million.” 10-K for 2024 | acquisition | July 3, 2023 | net proceeds of $552.0 million |
YumaWord for word“In addition, the Company recognized the issuance of its Class A common stock as consideration of the acquisition of Yuma, with the difference between the carrying value of the redeemable noncontrolling interest acquired and the par value of the Class A common stock recorded in additional paid-in capital.” 10-K for 2024 | acquisition | — | — |
Ojjo, Inc.Word for word“Moreover, NX Foundation Solutions was further strengthened through the acquisitions of Ojjo, Inc. (“Ojjo”) and Solar Pile International’s (“SPI”) foundation businesses.” 10-K for 2025 | acquisition | — | — |
Solar Pile International’s foundation businessesWord for word“Moreover, NX Foundation Solutions was further strengthened through the acquisitions of Ojjo, Inc. (“Ojjo”) and Solar Pile International’s (“SPI”) foundation businesses.” 10-K for 2025 | acquisition | — | — |
Bentek CorporationWord for word“In May 2025, we announced the acquisition of U.S.-based Bentek Corporation ("Bentek"), an industry pioneer and manufacturer of electrical infrastructure components that collect and transport electricity from solar panels to the power grid.” 10-K for 2025 | agreed acquisition | May 2025 | — |
OnSight Technology Inc.Word for word“On May 9, 2025, we acquired 100% of the ownership interest in OnSight, an autonomous robotic inspection and fire detection system for solar plants.” 10-K for 2026 | acquisition | On May 9, 2025 | — |
Origami Solar, Inc.Word for word“On September 8, 2025, in an all-cash transaction, we acquired 100% of the ownership interest in Origami, a pioneer in roll-formed steel frame technology for solar panels.” 10-K for 2026 | acquisition | On September 8, 2025 | — |
Fracsun Inc.Word for word“On November 7, 2025, in an all-cash transaction, we acquired 100% of the ownership interest in Fracsun Inc., a market leader in solar panel soiling measurement and monitoring solutions.” 10-K for 2026 | acquisition | On November 7, 2025 | — |
Zigor Corporation's power conversion business and its U.S.-based subsidiary, Apex PowerWord for word“On May 12, 2026, we announced we have entered into a definitive agreement to acquire complementary assets of Zigor Corporation’s power conversion business and its U.S.-based subsidiary, Apex Power.” 10-K for 2026 | agreed acquisition | On May 12, 2026 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2023-03-31 | $0 | — |
| 2024-03-31 | $0 | — |
| 2025-03-31 | $144.7 million | $103.6 million |
| 2026-03-31 | $117.2 million | $117.9 million |
Deal filings since 2016
- 2025-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-02-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-06-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Nextpower’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.