FTC Solar Closes Acquisition of HX Tracker

Source: www.gulfoilandgas.com 6/14/2022, Location: North America

FTC Solar, Inc., a fast-growing global provider of solar tracker systems, software and engineering services, announced that it closed the acquisition of HX Tracker, an emerging China-based supplier of 1P tracker systems.

“This complementary acquisition accelerates our international expansion with a strengthened platform to accelerate growth in China, the Middle East, Africa and other markets,” said Sean Hunkler, FTC Solar’s President and Chief Executive Officer. “At the same time, we’re adding a 1P tracker solution that is optimized for low-labor cost markets, which is a strong complement to our Voyager 2P solution that is designed to be truly differentiated based on its ease of construction and reduced labor hours. We’re thrilled to officially welcome the HX team to the FTC Solar family and look forward to providing our customers with the best products and services for years to come.”


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