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Nextpower To Acquire Advanced Power Conversion Product Portfolio; The Transaction Consideration Includes ~ $80.5M In Cash, Consisting Of $46M At Closing And Up To $34.5M In Potential Earnouts

Benzinga·05/12/2026 20:15:25
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Nextpower™, a leading provider of intelligent power generation systems for solar power plants, today announced it has entered into a definitive agreement to acquire complementary assets of Zigor Corporation's power conversion business and its U.S.-based subsidiary, Apex Power. Once complete, the transaction will expand Nextpower's product portfolio and capabilities in utility-scale solar power conversion and support its entry into battery energy storage and data center markets.