Array Technologies (ARRY) to Acquire STI Norland for EUR351 million

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Go back to Array Technologies (ARRY) to Acquire STI Norland for EUR351 million

Array Technologies to Acquire STI Norland

November 11, 2021 4:01 PM EST

Establishes Array as global leader in solar trackers

Increases exposure to international markets, including the large and rapidly growing Brazilian market

Expected to be significantly accretive to margins and earnings per share before synergies

Combined company expected to generate in excess of $200 million of Adjusted EBITDA in 2022

ALBUQUERQUE, N.M., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (Array), one of the worlds... More