Gleiss Lutz has advised Nextpower (Nasdaq: NXT), a leading provider of solar and power technology solutions, on the agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with more than 20 gigawatts (GW) deployed and deep market presence in Germany, one of Europe’s largest solar markets.
The total consideration for the transaction is comprised of cash and stock up to €330 million and is subject to customary closing conditions including regulatory review.
California-based Nextpower designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. By broadening its product portfolio and deepening its regional presence, this acquisition accelerates Nextpower’s ability to deliver world-class support and comprehensive solutions to solar developer and EPC customers across Europe.
Zimmermann is a Germany-based photovoltaic (PV) technology company headquartered in Oberessendorf/Eberhardzell in southern Germany. Founded in 1950 and active in the solar industry since 2009, Zimmermann PV-Steel Group develops plans and supplies precision-engineered structural solutions for projects across Europe and other markets.
Gleiss Lutz regularly advises national and international clients on transactions in the renewable energies and infrastructure sectors, including in the field of solar energy generation.
Legal Inhouse Team, Nextpower: Iván Pinna (Legal Director), Lindsey Wiedmann (Chief Legal and Compliance Officer), Philip Reuther (Associate General Counsel) and Jenny Tseng (Global Head of Tax).
The following Gleiss Lutz team, led by Dr. Martin Viciano Gofferje (Berlin) and Dr. Antonius Mann (both partners, both M&A, Frankfurt) advised Nextpower:
Konrad Jankiewicz (Berlin), Dr. Hendrik Hupfer (Frankfurt), Malte Seeger, Dr. Theresa Preis (both Berlin), Julia Hellmuth (Frankfurt, all M&A), Dr. Alexander Molle (Partner), Jan Felix Hinrichs (Counsel, both Berlin), Dr. Felizitas Casper (München), Max Mennenöh (all IP/Tech), Dr. Rut Steinhauser (Partner), Dr. Sophie Charlotte Bahr (both Employment, all Berlin), Dr. Ocka Stumm (Partner), Dr. Johannes Heck (both Tax, both Frankfurt), Dr. Lars Kindler (Counsel), Dr. Eva Koch (Counsel, both Public Law), Dr. Jacob von Andreae (Partner), Aylin Hoffs (Counsel), Vivien Etzkorn (all Foreign Investment Control), Dr. Andreas Schüssel (Partner, Antitrust, all Düsseldorf), Dr. Jan-Alexander Lange (Partner), Ali-Hasan Ashraf, Antonia Thomsen (all Banking & Finance), Konrad Discher (Counsel), Sophie Hochdörffer (both Real Estate), Laura Kremer, Giulia Gussoni (both Compliance, all Frankfurt), Simon Wegmann (Data Privacy, Berlin).
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