Nextpower (NXT) investor relations material

Transaction overview

• Agreement signed to acquire Zimmermann PV Steel Group, a German solar technology company with over 20 GW deployed and 2,500+ contracted projects.

• Zimmermann adds fixed-tilt, high-density tracker, agriPV, floating PV, and other PV solutions to the portfolio.

• Acquisition expected to contribute approximately €300 million in revenue and €45 million in adjusted EBITDA annually post-close.

• Zimmermann will operate as "Zimmermann PV, a Nextpower Company," maintaining continuity for stakeholders.

• Transaction subject to customary closing conditions, including regulatory approvals.

Strategic rationale and market expansion

• Expands presence into over 15 new countries and adds hundreds of new customers for trackers, eBOS, power conversion, and BESS.

• Broadens technology portfolio to address diverse customer use cases and regional requirements, especially in Europe.

• Zimmermann's strong brand and engineering expertise enhance market credibility and access.

• Acquisition enables participation across all ground-mount and BESS markets in Germany, a major untapped market.

• Zimmermann's established channels with developers, EPCs, and IPPs complement Nextpower's global platform.

Product and operational synergies

• Combines local customer relationships and regional market footprint with global scale and supply chain.

• Enhances product line cost and features, delivering next-generation solutions.

• Leverages shared engineering culture and augments capabilities for both companies.

• Zimmermann's facilities include a PV test park, customer center, and logistics depot, supporting operational integration.

• 130 employees to join the combined entity, strengthening engineering and support teams.