- ZGR Corporación and Nextpower have also entered into a Manufacturing and Supply Agreement under which ZGR will manufacture certain 1,500 V central inverters and PCS systems for Nextpower.
- This transaction will enable ZGR to allocate greater resources to innovation and the development of advanced solutions for the Industrial and Transmission & Distribution sectors, strengthening these business lines as a result of the transaction.
- The transaction has received the required Spanish foreign investment authorization for its completion.
- Nextpower is a global leader in intelligent power generation systems for solar power plants. Through this transaction, it expands its product portfolio and capabilities in solar power conversion and supports its expansion into the battery energy storage and data center markets.
- With this transaction, ZGR Corporación consolidates its leadership in the European electrical industry and focuses its activities on power conversion solutions aimed at power quality for industrial applications and smart grids.
Vitoria, Madrid.- ZGR Corporación and Apex Power Conversion LLC have completed the transfer to Nextracker Spain, S.L.U. and Nextpower LLC, companies belonging to the Nextpower Group, of the assets and liabilities comprising the business being transferred.
The parties signed the sale and purchase agreement on April 27, 2026. The transaction consideration could reach USD 80 million (approximately EUR 68.40 million), subject to the achievement of certain business and certification-related targets, as well as employee-related incentives.
This transaction will enable ZGR Corporación to focus its resources and investments on the Industrial and Transmission & Distribution business lines that will remain within the Group, strengthening the development of advanced solutions for power quality in industrial applications and smart grids.
ZGR Corporación and Nextpower LLC have also entered into a Manufacturing and Supply Agreement under which ZGR will manufacture certain 1,500 V central inverters and PCS systems for Nextpower.
The transaction has received the required Spanish foreign investment authorization for its completion.
ZGR Corporación thus consolidates its leadership in the European electrical industry and focuses its activities on power conversion solutions aimed at power quality for industrial applications and smart grids.
According to Íñigo Segura, Chief Executive Officer of ZGR Corporación: “This transaction reflects the excellence of ZGR Corporación’s technology and the robustness of its solutions in the power conversion market, and represents global recognition of the value of our engineering expertise, innovation and market position. It also enables us to focus our investments on the Industrial and Transmission & Distribution markets, where our expertise and international partnerships provide significant opportunities for growth and development.”
Nextpower is a global leader in intelligent power generation systems for solar power plants. Through this transaction, it expands its product portfolio and capabilities in solar power conversion and supports its expansion into the battery energy storage and data center markets.
ZGR Corporación was advised on the transaction by Hive Legal, a law firm specializing, among other areas, in transactions of this type, with Álvaro Lobato leading a team of outstanding professionals including Cayetana Padró, Jorge Bleda and Diego Obando. For financial advisory services and due diligence, ZGR Corporación relied on the outstanding work of Accuracy, a consulting firm specializing, among other areas, in M&A transactions. Accuracy provided an exceptional team led by partner Gonzalo Díaz de Espada, together with professionals including Ricardo Etzi, among others.
About ZGR Corporación
ZGR Corporación S.A. is a business group specializing in the design, manufacture, implementation and maintenance of robust, reliable and highly productive solutions for the comprehensive management of electrical energy.
A manufacturer since 1998, ZGR is an internationally recognized company in power electronics, particularly in the development of intelligent systems and power quality solutions.
Its two main areas of specialization are currently Industry and Transmission & Distribution. As a manufacturer, one of its key differentiating factors is the technical service and manufacturer warranties it provides. The company holds a wide range of national and international certifications and approvals related to its activities.
Its headquarters are located in Vitoria, with offices in Madrid and Córdoba. Internationally, it has offices in Mexico and Colombia. ZGR develops projects and markets its products worldwide.
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