Array Technologies announced the successful completion of its acquisition of APA Solar, a premier solar racking and structural solutions provider. This strategic acquisition strengthens Array’s position as a global leader in renewable energy infrastructure and expands its product portfolio to better serve the evolving needs of the solar industry.
APA, known for its tracker-compatible engineered foundation systems and robust fixed-tilt racking systems, will continue to operate under its brand as a strategic business unit within Array Technologies. This integration is expected to accelerate the deployment of utility-scale and distributed solar energy by offering a more comprehensive and flexible portfolio of solutions.
The acquisition is anticipated to be accretive to Array’s earnings, with significant opportunities for commercial synergies. Array expects to provide an updated full-year guidance to reflect the impact of APA on its third-quarter earnings call, further detailing the financial benefits of this expansion.
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