Array Techologies completes acquisition of STI Norland
Post date: 13/01/2022 - 17:06
The acquisition announced last November of Spanish photovoltaic tracking systems manufacturer Soluciones Técnicas Integrales Norland, S.L. (STI Norland) by U.S.-based Array Technologies, Inc. has been completed. The announced Array Technologies, also a manufacturer of tracking systems and service provider for large-scale solar power plant projects, on Tuesday (January 11). According to the November announcement, the acquisition was made in exchange for 351 million euros ($407 million) in cash and 13.9 million common shares of Array Technologies.