ZGR Corporación recently completed the sale of its Central Inverters and PCS Systems business to Nextpower, in a transaction with a contractual value that could reach USD 80 million, approximately EUR 68.4 million, subject to the achievement of certain business and certification targets, as well as employee-related incentives.
The transaction includes the assets and liabilities associated with this business in Spain and the United States, through Apex Power Conversion LLC, as well as the assets and operations related to the innovation center in Valencia, Spain, which specializes in the design of 1,500 V Central Inverters and PCS Systems.
Extensive media coverage
The transaction has been covered by leading national publications such as El Economista, PV Magazine, Energías Renovables, Infoenergética, and Energética 21, as well as international media specializing in power electronics, energy, technology, economics, and business, including PV Tech, Pulse 2.0, Investing.com, Renewables Now, Power Electronics News, Clean Energy North American, Taiyang News, Reddit, Yahoo Finance UK, Electronics Buzz, and Energía Estratégica, among others.
The coverage consistently highlights two dimensions of the transaction. On the one hand, the technological and innovation value of the capabilities acquired by Nextpower. On the other, ZGR’s renewed strategic focus, directing its investments toward the Industry and Electrical Transmission and Distribution areas.
El Economista highlights that the transaction will enable ZGR to concentrate its resources and investments on these two businesses, strengthening the development of solutions designed to improve grid quality in both industrial applications and smart grids. The publication also emphasizes that the transaction maintains an industrial relationship between ZGR Corporación and Nextpower through a manufacturing and supply agreement.
Along the same lines, PV Magazine and Energías Renovables highlight that ZGR will continue manufacturing certain 1,500 V Central Inverters and PCS Systems for Nextpower, ensuring continuity in the industrial collaboration between the two companies.
ZGR’s technology and engineering expertise in the spotlight of international coverage
International media have paid particular attention to the technological capabilities acquired by Nextpower through the acquisition of ZGR’s Energy business.
Power Electronics News highlights the addition of “proprietary inverter technology, engineering expertise in the United States and Spain, and established supply chain capabilities.” The publication also recognizes the modular architecture of the power conversion solutions, designed to facilitate maintenance and improve plant availability.
For its part, PV Tech highlights the addition of UL-certified Central Inverters for the U.S. market and IEC-certified products for Europe and other international markets. The publication also notes that the power conversion portfolio includes central inverter solutions and modular configurations of up to 5.2 MVA, intended for large-scale solar generation and energy storage applications.
Pulse 2.0 also focuses on the Central Inverter products, engineering teams, and supply chain capabilities developed in the United States and Spain, while other specialized media have highlighted the performance of the power conversion solutions and their design focused on efficiency and field serviceability.
Íñigo Segura (CEO): “Global recognition of the value of our engineering capabilities”
Media coverage of the transaction has also featured statements from Íñigo Segura, CEO of ZGR Corporación, regarding the significance of the transaction.
In statements reproduced by Energías Renovables, Segura said: “This transaction reflects the excellence of ZGR Corporación’s technology and the robustness of its solutions in the electrical energy conversion market, and represents global recognition of the value of our engineering expertise, innovation, and market position.”
ZGR’s CEO added that the transaction will enable the company to focus its investments on the industrial and electrical transmission and distribution markets, where its expertise and international partnerships provide significant opportunities for growth and development for the Company.
A strategic focus on industry and electrical distribution
Following the transaction, ZGR Corporación is concentrating its resources and investments on its two main current business lines: Industry and Electrical Transmission and Distribution.
The objective is to strengthen the development of advanced solutions for grid security and grid quality, both in industrial applications and smart grids.
This strategic direction enables ZGR to focus on markets where its expertise and positioning in power electronics, engineering, and electrical energy management offer new growth opportunities.
A new chapter for ZGR Corporación
The extensive coverage of the transaction in specialized media highlights the interest generated by a deal that combines technology, engineering, industrial capabilities, and business strategy.
The company thus continues its trajectory as a specialist in power electronics and solutions for power quality, as well as smart and distributed power grids.
The transaction in numbers
- Companies: ZGR Corporación and Nextpower.
- Transaction: Sale of the Energy business, including Central Inverters and PCS Systems.
- Potential contractual value: Up to USD 80 million (approximately EUR 68.4 million).
- Assets included: Business operations in Spain and the United States, through Apex Power Conversion LLC, and assets related to the Valencia innovation center.
- Additional agreement: Manufacturing and supply of certain 1,500 V Central Inverters and PCS Systems.
- ZGR strategic areas strengthened: Industry and Transmission and Distribution.
- Technologies: Power electronics, power conversion, Central Inverters, PCS Systems.
- Media covering the transaction: El Economista, PV Magazine, Energías Renovables, Infoenergética, Energética 21, Energy Review, PV Tech, Power Electronics News, Pulse 2.0, Investing.com, Renewables Now, Clean Energy North American, Taiyang News, Reddit, Yahoo Finance UK, Electronics Buzz, Energía Estratégica, among others.
