Array Technologies Boosts Solar Solutions with APA Solar Acquisition

Array Technologies acquired APA Solar to boost solar solutions, accelerating solar energy deployment with a range of solutions. APA Solar provides solar racking and structural solutions, and will operate under its own brand as a strategic business unit within Array Technologies. The acquisition is expected to be accretive to Array Technologies' earnings and create commercial synergies.

Array Technologies, a leading global provider of solar tracking technology, has completed the acquisition of APA Solar, a premier solar racking and structural solutions provider. This strategic move aims to expand Array Technologies' product portfolio and strengthen its position in the renewable energy infrastructure market.

The acquisition, announced on August 14, 2025, positions Array Technologies to deliver fully integrated tracker and engineered foundation solutions for the solar industry. APA Solar, known for its tracker-compatible engineered foundation systems and robust fixed-tilt racking systems, will continue to operate under its own brand as a strategic business unit within Array Technologies [1].

"APA brings a strong track record of innovation, customer service, and engineering excellence," said Kevin G. Hostetler, chief executive officer at 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."

The acquisition is expected to be accretive to Array Technologies' earnings, with significant opportunities for commercial synergies. It will enhance the company's ability to serve a broader range of utility-scale and commercial solar projects across North America and beyond. Array Technologies anticipates updating its full-year guidance to reflect the impact of APA on its third quarter earnings call [1].

Josh Von Deylen, chief executive officer at APA, expressed enthusiasm about the merger, stating, "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" [1].

The high voltage capacitor market, a critical component in renewable energy systems, is projected to grow from USD 2.4 billion in 2025 to USD 3.9 billion by 2033, with a CAGR of 6.21%. This growth is driven by increasing demand for high voltage capacitors in wind and solar energy systems, as well as advancements in smart grid technology and electric vehicle charging infrastructure [2].

The combined capabilities of Array Technologies and APA Solar will enable the company to leverage the growing market opportunities in renewable energy, particularly in the high voltage capacitor segment. The strategic acquisition aligns with Array Technologies' long-term vision of delivering innovative and sustainable energy solutions to its customers.

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.globenewswire.com/news-release/2025/08/14/3133698/28124/en/High-Voltage-Capacitor-Growth-Analysis-Report-2025-2033-Renewable-Energy-Surge-Bolsters-Demand-for-High-Voltage-Capacitors-in-Wind-and-Solar-Farms.html