ARRAY Technologies Completes Acquisition of APA Solar
ARRAY Technologies (NASDAQ: ARRY), a leading global solar tracking technology provider, has completed the acquisition of APA Solar, a premier solar racking and structural solutions company. The strategic acquisition aims to strengthen ARRAY's position in renewable energy infrastructure by combining APA's tracker-compatible engineered foundation systems and fixed-tilt racking systems with ARRAY's existing portfolio.
APA will continue operating as a strategic business unit within ARRAY Technologies. The acquisition is expected to be accretive to ARRAY's earnings, with significant commercial synergy opportunities. The company plans to update its full-year guidance during the third quarter earnings call to reflect APA's impact.
ARRAY Technologies (NASDAQ: ARRY), fornitore globale leader di tecnologie per inseguitori solari, ha completato l'acquisizione di APA Solar, azienda di primo piano nelle soluzioni di strutture e sistemi di montaggio per il settore fotovoltaico. L'operazione strategica rafforza la posizione di ARRAY nelle infrastrutture per le energie rinnovabili, integrando i sistemi di fondazione ingegnerizzati compatibili con tracker e i sistemi di montaggio a inclinazione fissa di APA con il portafoglio esistente di ARRAY.
APA continuer脿 a operare come unit脿 aziendale strategica all'interno di ARRAY Technologies. L'acquisizione dovrebbe essere accrescitiva per gli utili di ARRAY e offre rilevanti opportunit脿 di sinergia commerciale. L'azienda intende aggiornare le previsioni per l'intero anno durante la conference call sugli utili del terzo trimestre per riflettere l'impatto di APA.
ARRAY Technologies (NASDAQ: ARRY), proveedor global l铆der de tecnolog铆a de seguimiento solar, ha completado la adquisici贸n de APA Solar, una destacada empresa de estructuras y soluciones de montaje solar. La operaci贸n estrat茅gica busca reforzar la posici贸n de ARRAY en la infraestructura de energ铆a renovable al combinar los sistemas de cimentaci贸n ingenierizados compatibles con trackers y los sistemas de montaje de inclinaci贸n fija de APA con la cartera existente de ARRAY.
APA seguir谩 operando como una unidad de negocio estrat茅gica dentro de ARRAY Technologies. Se espera que la adquisici贸n sea acreciativa para las ganancias de ARRAY, con importantes oportunidades de sinergias comerciales. La compa帽铆a planea actualizar su gu铆a anual durante la llamada de resultados del tercer trimestre para reflejar el impacto de APA.
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ARRAY Technologies (NASDAQ: ARRY), fournisseur mondial de premier plan en technologies de suivi solaire, a finalis茅 l'acquisition de APA Solar, une entreprise de r茅f茅rence en solutions de structures et syst猫mes de montage solaires. Cette acquisition strat茅gique vise 脿 renforcer la position d'ARRAY dans les infrastructures d'茅nergie renouvelable en associant les syst猫mes de fondation ing茅nieris茅s compatibles avec trackers et les syst猫mes 脿 inclinaison fixe d'APA au portefeuille existant d'ARRAY.
APA continuera d'op茅rer comme une unit茅 commerciale strat茅gique au sein d'ARRAY Technologies. L'acquisition devrait 锚tre cr茅atrice de valeur pour les r茅sultats d'ARRAY, avec d'importantes opportunit茅s de synergies commerciales. La soci茅t茅 pr茅voit de mettre 脿 jour ses pr茅visions annuelles lors de la conf茅rence sur les r茅sultats du troisi猫me trimestre pour refl茅ter l'impact d'APA.
ARRAY Technologies (NASDAQ: ARRY), ein f眉hrender globaler Anbieter von Solar-Tracking-Technologie, hat die 脺bernahme von APA Solar abgeschlossen, einem erstklassigen Anbieter von Solarmontagesystemen und Struktur-L枚sungen. Die strategische Akquisition soll ARRAYs Position in der Infrastruktur f眉r erneuerbare Energien st盲rken, indem APAs trackerkompatible, ingenieurtechnisch ausgelegte Fundamentl枚sungen und Festneigungs-Racks in das bestehende Portfolio von ARRAY integriert werden.
APA wird weiterhin als strategische Gesch盲ftseinheit innerhalb von ARRAY Technologies t盲tig sein. Die 脺bernahme wird voraussichtlich ertragssteigernd f眉r ARRAY sein und bietet bedeutende kommerzielle Synergiepotenziale. Das Unternehmen plant, seine Jahresprognose im Ergebnis-Call zum dritten Quartal zu aktualisieren, um die Auswirkungen von APA zu ber眉cksichtigen.
- Acquisition expected to be accretive to earnings
- Expansion of product portfolio with complementary foundation and racking solutions
- Enhanced ability to serve broader range of utility-scale and commercial solar projects
- Significant opportunities for commercial synergies
- Geographic expansion potential beyond North America
- Integration risks with APA Solar as a new business unit
- Potential execution challenges in realizing synergies
- Financial terms of acquisition not disclosed
Insights
ARRAY's acquisition of APA Solar enhances product offerings, expands customer reach, and is expected to boost earnings.
ARRAY Technologies has completed its acquisition of APA Solar, a strategic move that significantly expands the company's product portfolio in the solar infrastructure market. The transaction combines ARRAY's existing solar tracking technology with APA's tracker-compatible engineered foundation systems and fixed-tilt racking solutions, creating a more comprehensive offering for utility-scale and commercial solar projects.
The deal presents several strategic advantages for ARRAY. First, it enables the company to offer fully integrated tracker and foundation solutions, addressing more customer needs and potentially capturing greater market share. Second, APA will continue operating as a strategic business unit under its brand, preserving its established market presence while benefiting from ARRAY's global reach and resources.
From a financial perspective, management explicitly states the acquisition is expected to be accretive to earnings with significant opportunities for commercial synergies. This suggests potential revenue growth through cross-selling opportunities and possible cost efficiencies. The company plans to update its full-year guidance to reflect APA's impact during the upcoming third quarter earnings call, indicating material financial implications.
This acquisition appears strategically aligned with industry trends toward more integrated solar solutions. By expanding its product range to include both tracking technology and foundation systems, ARRAY positions itself to deliver more value across the solar project lifecycle while potentially reducing complexity and costs for its customers in North America and beyond.
Combined product portfolio positions ARRAY to deliver fully integrated tracker and engineered foundation solutions for the solar industry
ALBUQUERQUE, N.M., Aug. 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (鈥淎RRAY鈥� or the 鈥淐ompany鈥�), a leading global provider of solar tracking technology products, software, and services for utility-scale solar energy projects, today announced the successful completion of its acquisition of APA Solar (鈥淎PA鈥�), a premier solar racking and structural solutions provider. This strategic acquisition strengthens ARRAY鈥檚 position as a global leader in renewable energy infrastructure and expands its product portfolio to better serve the evolving needs of the solar industry and our customers.
鈥淭his is a pivotal moment for ARRAY,鈥� said Kevin G. Hostetler, chief executive officer at ARRAY Technologies. 鈥淎PA brings a strong track record of innovation, customer service, and engineering excellence. Together, we will accelerate the deployment of utility-scale and distributed solar energy by offering a more comprehensive and flexible portfolio of solutions to a broader range of customers.鈥�
APA, known for its tracker-compatible engineered foundation systems and robust fixed-tilt racking systems, will continue to operate under its brand as a strategic business unit within ARRAY Technologies.
鈥淲e鈥檙e thrilled to join forces with ARRAY,鈥� said Josh Von Deylen, chief executive officer at APA. 鈥淥ur shared values and complementary capabilities make this a natural fit. This transaction will allow us to scale faster, drive more transformative innovation, and deliver even greater value to our customers.鈥�
The acquisition is expected to be accretive to ARRAY鈥檚 earnings, with significant opportunities for commercial synergies, and will enhance the ability of ARRAY to serve a broader range of utility-scale and commercial solar projects across North America and beyond. We expect to update our full-year guidance to reflect the impact of APA on our third quarter earnings call.
鈥淭his is an exciting new chapter for our team,鈥� said Joe Von Deylen, chief operations officer at APA. 鈥淏y combining APA鈥檚 engineering expertise with ARRAY鈥檚 global reach and resources, we鈥檙e poised to make a significant impact on the future of clean energy.鈥�
Advisors & Additional Resources
Jefferies LLC acted as exclusive financial advisor and Kirkland & Ellis acted as legal advisor to ARRAY. Donelly Penman & Partners acted as exclusive financial advisor, and Rupp, Hagans & Bohmer, LLP and Eastman & Smith as legal advisors to APA.
Additional information regarding the transaction will be included in a Current Report on Form 8-K to be filed by ARRAY with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥�).
About ARRAY Technologies, Inc.
ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest weather conditions, ARRAY鈥檚 high-quality solar trackers, software platforms and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology 鈥� relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit arraytechinc.com.
Media Contact
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Forward Looking Statements
This press release contains forward-looking statements that are based on our management鈥檚 beliefs and assumptions and on information currently available to our management. Forward-looking statements include statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "anticipates," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," "would," "designed to" or similar expressions and the negatives of those terms. Forward-looking statements include statements regarding the anticipated benefits (including synergies) of the APA transaction, the anticipated impact of the APA transaction on the Company鈥檚 business and future financial and operating results, the timing of expected synergies and returns from the APA transaction, the expected timing of updated guidance reflecting the impact of the APA transaction, the Company鈥檚 future financial position, business strategy, revenues, earnings, free cash flow, costs, capital expenditures and debt levels of the Company, and plans and objectives of management for future operations. Actual results and the timing of events could materially differ from those anticipated in such forward-looking statements as a result of certain risks, uncertainties and other factors, including without limitation: ARRAY鈥檚 ability to integrate APA鈥檚 operations in a successful manner and in the expected time period; the Company鈥檚 ability to achieve the strategic and other objectives relating to the APA transaction; and risks relating to any unforeseen liabilities of APA. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company鈥檚 most recent Annual Report on Form 10-K and subsequent reports and other documents on file with the SEC, each of which can be found on our website, . The forward-looking statements included in this press release speak only as of the date of this press release. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
FAQ
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