Zigor and Apex Power assets Acquired by Nextpower | Energy M&A Deal

Nextpower has acquired Zigor and Apex Power assets, a energy services other business in California, for $80.5 million. Nextpower acquisitions are focused on modular power conversion assets that support utility-scale solar inverter manufacturing and expansion into battery storage and AI data center power needs in CA. The Zigor and Apex Power assets acquisition includes inverter technology, engineering talent, and skid-based systems configurable up to 5.2 MVA across 600 V, 1000 V, and 1500 V, designed to be 2000 V ready. This add on acquisition is a strategic acquisition by a strategic buyer, with up to $34.5 million in earnouts and a planned additional $50 million investment, subject to Spanish foreign direct investment approval and customary closing conditions.