ARRAY Technologies completes APA Solar acquisition, enhancing solar energy offerings and expected to be accretive to earnings.

ARRAY Technologies has completed the acquisition of APA Solar, a provider of solar tracking technology and engineered foundation systems. The acquisition is expected to be accretive to ARRAY's earnings and will enhance its product offerings in the renewable energy infrastructure sector. APA will operate as a strategic business unit within ARRAY, expanding its product portfolio and positioning the company to capture a broader market share in North America and beyond.

ARRAY Technologies (NASDAQ: ARRY) has completed the acquisition of APA Solar, a leading provider of solar tracking technology and engineered foundation systems. The acquisition is expected to be accretive to ARRAY's earnings and will significantly enhance its product offerings in the renewable energy infrastructure sector. APA will operate as a strategic business unit within ARRAY, expanding its product portfolio and positioning the company to capture a broader market share in North America and beyond.

"APA brings a strong track record of innovation, customer service, and engineering excellence," said Kevin G. Hostetler, CEO of ARRAY Technologies. "Together, we will accelerate the deployment of utility-scale and distributed solar energy by offering a more comprehensive and flexible portfolio of solutions to a broader range of customers."

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. "We’re thrilled to join forces with ARRAY," said Josh Von Deylen, CEO of APA. "Our shared values and complementary capabilities make this a natural fit. This transaction will allow us to scale faster, drive more transformative innovation, and deliver even greater value to our customers."

The acquisition is expected to be accretive to ARRAY’s earnings, with significant opportunities for commercial synergies, and will enhance the ability of ARRAY to serve a broader range of utility-scale and commercial solar projects across North America and beyond. ARRAY expects to update its full-year guidance to reflect the impact of APA on its third quarter earnings call.

"By combining APA’s engineering expertise with ARRAY’s global reach and resources, we’re poised to make a significant impact on the future of clean energy," said Joe Von Deylen, COO of APA.

The acquisition was advised by Jefferies LLC as the exclusive financial advisor and Kirkland & Ellis as the legal advisor to ARRAY, with Donelly Penman & Partners and Rupp, Hagans & Bohmer, LLP acting as legal advisors to APA. Additional information regarding the transaction will be included in a Current Report on Form 8-K to be filed by ARRAY with the U.S. Securities and Exchange Commission.

References:
[1] https://www.globenewswire.com/news-release/2025/08/14/3133899/0/en/array-technologies-completes-acquisition-of-apa-solar.html
[2] https://www.ainvest.com/news/apa-2025-q2-earnings-strong-earnings-growth-revenue-decline-2508/