<a href="https://laohu8.com/S/ARRY">Array Technologies Inc.</a> Announces Acquisition of APA Solar, Expanding U.S. Manufacturing Capabilities and Product Portfolio
Array Technologies Inc. has announced its plan to acquire APA Solar, valuing the transaction at approximately $179 million. The acquisition is part of Array's strategy to enhance its balance of systems with APA's engineered foundation solutions and fixed-tilt mounting systems. This move will expand Array's product portfolio and increase its addressable market by nearly 40%. The transaction is expected to close in the third quarter of 2025, pending regulatory approvals and customary closing conditions. APA's senior management, including CEO Josh Von Deylen and COO Joe Von Deylen, will remain with the company post-acquisition. This acquisition is anticipated to be high-single-digit percentage accretive to Array's Adjusted EPS in the first year before synergies.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Array Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9470600-en) on June 18, 2025, and is solely responsible for the information contained therein.
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