DealsMay 19, 2026, 04:52 PM
Nextpower Acquires Origami, Bentek, OnSight; Forms Saudi JV
AI Summary
Nextpower Inc. detailed its strategic expansion and operational achievements in its 10-K filing. The company completed three acquisitions in 2025: Origami Solar, Inc. for steel frame technology; Bentek Corporation for electrical infrastructure components; and OnSight Technology Inc. for AI and robotics in solar plant inspection. Additionally, in fiscal year 2026, Nextpower established a joint venture, Nextpower Arabia, with Abdullah Abunayyan Investment Holding in Saudi Arabia to expand its presence in the Middle East and North Africa. The company also reported shipping over 160 GW of solar tracker systems and a backlog exceeding $5 billion as of March 31, 2026.
Key Highlights
- Acquired Origami Solar, Inc. in September 2025 for steel frame technology.
- Acquired Bentek Corporation in May 2025 for electrical infrastructure components.
- Acquired OnSight Technology Inc. in July 2025 for AI and robotics.
- Established Nextpower Arabia joint venture in Saudi Arabia in fiscal year 2026.
- Shipped over 160 GW of solar tracker systems as of March 31, 2026.
- Reported a backlog exceeding $5 billion at the end of fiscal year 2026.
- Derived 77% of fiscal year 2026 revenue from U.S. projects.
- Held 329 issued U.S. patents and 498 granted non-U.S. patents as of March 31, 2026.
Price Impact
More from NXT