{"id":961704,"date":"2026-05-12T16:23:59","date_gmt":"2026-05-12T20:23:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\/"},"modified":"2026-05-12T16:23:59","modified_gmt":"2026-05-12T20:23:59","slug":"nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\/","title":{"rendered":"Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio<\/b><\/p>\n<p class=\"bwalignc\"><i>Acquisition to accelerate Company\u2019s entry into power conversion market with complementary IP and planned U.S. manufacturing footprint<\/i><\/p>\n<p>FREMONT, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnextpower.com%2F&amp;esheet=54534775&amp;newsitemid=20260512499434&amp;lan=en-US&amp;anchor=Nextpower%26%238482%3B&amp;index=1&amp;md5=27acf2e4931df302f4da7bb96edc788d\">Nextpower\u2122<\/a>, a leading provider of intelligent power generation systems for solar power plants, today announced it has entered into a definitive agreement to acquire complementary assets of Zigor Corporation\u2019s power conversion business and its U.S.-based subsidiary, Apex Power. Once complete, the transaction will expand Nextpower\u2019s product portfolio and capabilities in utility-scale solar power conversion and support its entry into battery energy storage and data center markets.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260512499434\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260512499434\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260512499434\/en\/2803439\/4\/Dry_Oil_Combo_LP-Nextpower_Logo.jpg\" alt=\"Nextpower advances its power conversion platform, expanding into a critical layer of power plant architecture\" \/><\/p>\n<p style=\"font-size:85%\">Nextpower advances its power conversion platform, expanding into a critical layer of power plant architecture<\/p>\n<\/div>\n<p>\n\u201cWith this acquisition, Nextpower will launch a comprehensive inverter offering in response to strong customer requests for reliable, high-quality power conversion solutions rounding out our integrated platform,\u201d said Dan Shugar, founder and CEO of Nextpower. \u201cWe will be in market with products for solar, storage, and data centers, and building out U.S. manufacturing as quickly as is prudent. Initial customer demand is promising and we look forward to welcoming the legacy Apex Power and Zigor team members to Nextpower once the transaction closes.\u201d<\/p>\n<p>\nThis acquisition will include modular, field-deployed inverter technology, and experienced engineering talent. The product technology is suitable for new battery storage and solar inverter applications at 1500V, repowering applications at 600V and 1000V, and is 2000V ready. The modular skid design can be configured up to 5.2 MVA.<\/p>\n<p>\nThe transaction is expected to enable rapid scale-up of inverter manufacturing capacity in the U.S. with a production ramp expected to begin in 2027. It also supports closer integration of power electronics with Nextpower\u2019s leading solar trackers, electrical balance of systems (eBOS), and broader technology platform. This integration can help improve overall system performance, reduce procurement complexity, and enable faster, more efficient project design and deployment. Intelligent power conversion systems are increasingly utilized in advanced grid infrastructure, including battery storage and energy supply systems designed to support complex large loads such as AI data centers.<\/p>\n<p>\nThe closing of the acquisition is subject to foreign direct investment (FDI) approval by the Spanish government and other customary conditions. The transaction consideration includes approximately $80.5 million in cash, consisting of $46 million at closing and up to $34.5 million in potential earnouts. In addition to the purchase consideration, Nextpower plans an incremental investment of approximately $50 million related to growth initiatives, including the acceleration of its entry into the power conversion market. These investments are expected to position Nextpower to capture a significant, durable growth opportunity.<\/p>\n<p>\nFollowing the relevant approval, the acquired assets, including Apex Power, will be integrated into Nextpower\u2019s operations, with the inverter business operating within its growing power electronics platform. Zigor will continue to operate its remaining business independently, separate from the assets acquired by Nextpower.<\/p>\n<p>\nTo learn more about the Nextpower complete energy solutions portfolio, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.Nextpower.com&amp;esheet=54534775&amp;newsitemid=20260512499434&amp;lan=en-US&amp;anchor=www.nextpower.com&amp;index=2&amp;md5=8d242de40a4739df2d341dfc154dca95\">www.nextpower.com<\/a>.<\/p>\n<p><b>About Nextpower<\/b><\/p>\n<p>\nNextpower\u2122 (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world\u2019s leading energy companies to power what\u2019s next. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.nextpower.com%2F&amp;esheet=54534775&amp;newsitemid=20260512499434&amp;lan=en-US&amp;anchor=www.nextpower.com&amp;index=3&amp;md5=29e10e6a2dde17aa960f0f84048b23fc\">www.nextpower.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the acquisition of the assets of Zigor\u2019s power conversion business and its U.S.-based subsidiary, Apex Power, by Nextpower, the benefits of power conversion and electronics to Nextpower and its integrated platform strategy, including the ability to improve overall system performance, the benefits of the transaction and future opportunities for Nextpower, including the benefits our customers may realize as a result of integrating the technologies of the acquired assets into Nextpower\u2019s platform, the ability to expand global R&amp;D capabilities with a specialized power conversion engineering team in Europe, the addressable market for the inverter business, Nextpower\u2019s ability to scale inverter manufacturing capacity in the U.S., and Nextpower\u2019s ability to scale and integrate the solar inverter technologies. These forward-looking statements are based on various assumptions and on the current expectations of Nextpower\u2019s management. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements, including: failure to receive FDI approval from the Spanish government for the planned acquisition of power conversion assets or failure to satisfy other customary closing conditions; the ability of Nextpower to successfully integrate the acquired assets, operations, and employees; unexpected costs, charges, or expenses resulting from the transaction; Nextpower\u2019s ability to successfully grow its or Zigor\/Apex Power\u2019s inverter business; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transaction; the retention of key employees, customers, or suppliers; and legislative, regulatory, and economic developments, including changing business conditions in our industry or markets overall and the economy in general. Other risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements are also described under \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d in Nextpower\u2019s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextpower has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextpower is not aware of or that Nextpower currently believes are immaterial that could also cause actual results to differ from the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextpower assumes no obligation to update these forward-looking statements.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260512499434r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260512499434\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260512499434\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact<br \/>\n<\/b><br \/>Sarah Lee<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Investor@nextpower.com\">Investor@nextpower.com<\/a><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/>Brandy Lee<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Media@nextpower.com\">Media@nextpower.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California Europe Spain United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Energy Hardware Utilities Data Management Batteries Alternative Energy Energy Technology Commercial Building &amp; Real Estate Construction &amp; Property Engineering Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260512499434\/en\/2803439\/3\/Dry_Oil_Combo_LP-Nextpower_Logo.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Nextpower advances its power conversion platform, expanding into a critical layer of power plant architecture<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260512499434\/en\/2641635\/3\/NXT_Logo_Horizontal_Black.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio Acquisition to accelerate Company\u2019s entry into power conversion market with complementary IP and planned U.S. manufacturing footprint FREMONT, Calif.&#8211;(BUSINESS WIRE)&#8211;Nextpower\u2122, a leading provider of intelligent power generation systems for solar power plants, today announced it has entered into a definitive agreement to acquire complementary assets of Zigor Corporation\u2019s power conversion business and its U.S.-based subsidiary, Apex Power. Once complete, the transaction will expand Nextpower\u2019s product portfolio and capabilities in utility-scale solar power conversion and support its entry into battery energy storage and data center markets. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260512499434\/en\/ Nextpower advances its power conversion platform, expanding into a critical layer of power &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-961704","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio Acquisition to accelerate Company\u2019s entry into power conversion market with complementary IP and planned U.S. manufacturing footprint FREMONT, Calif.&#8211;(BUSINESS WIRE)&#8211;Nextpower\u2122, a leading provider of intelligent power generation systems for solar power plants, today announced it has entered into a definitive agreement to acquire complementary assets of Zigor Corporation\u2019s power conversion business and its U.S.-based subsidiary, Apex Power. Once complete, the transaction will expand Nextpower\u2019s product portfolio and capabilities in utility-scale solar power conversion and support its entry into battery energy storage and data center markets. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260512499434\/en\/ Nextpower advances its power conversion platform, expanding into a critical layer of power &hellip; Continue reading &quot;Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-12T20:23:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20260512499434\/en\/2803439\/4\/Dry_Oil_Combo_LP-Nextpower_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio\",\"datePublished\":\"2026-05-12T20:23:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\\\/\"},\"wordCount\":1099,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20260512499434\\\/en\\\/2803439\\\/4\\\/Dry_Oil_Combo_LP-Nextpower_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextpower-announces-definitive-agreement-to-acquire-advanced-power-conversion-product-portfolio\\\/\",\"name\":\"Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio - 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Once complete, the transaction will expand Nextpower\u2019s product portfolio and capabilities in utility-scale solar power conversion and support its entry into battery energy storage and data center markets. This press release features multimedia. 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