Nasdaq-listed Nextpower has agreed to acquire Zimmermann PV-Steel Group, a Germany-based solar technology company with operations in more than 58 countries.
The proposed transaction, which values Zimmermann at up to €330m ($378m), is structured as a combination of cash and stock
Zimmermann, headquartered in Oberessendorf/Eberhardzell in southern Germany, was founded in 1950 and entered the solar sector in 2009. Since then, the company is said to have delivered more than 2,500 solar projects, supplying precision-engineered solar substructures to installations totalling in excess of 20GW worldwide. According to Nextpower, Zimmermann PV-Steel Group’s established presence in Europe, particularly in Germany, is a significant factor in the acquisition.
Germany accounted for around 20% of Europe’s ground-mounted photovoltaic (PV) market in 2025, with demand focused predominantly on fixed-tilt systems. Nextpower stated that by acquiring Zimmermann, it aims to expand its product portfolio and strengthen its position in Europe’s ground-mount solar segment. Approximately half of Europe’s ground-mounted PV installations use fixed-tilt systems, a segment where Zimmermann holds a strong position.