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ARRAY Technologies and Shoals agree to merge

Original: ARRAY Technologies and Shoals merge to create integrated solar hardware platform

ARRAY Technologies, a US maker of solar tracking systems, and Shoals Technologies Group, which supplies electrical balance-of-system components for solar projects, have agreed to merge. The deal brings trackers and electrical hardware under one roof, creating an integrated solar equipment platform. The companies say the combination will offer developers a single source for mounting and electrical infrastructure, though financial terms were not immediately clear.

Why now: The merger consolidates two major solar hardware suppliers, affecting the competitive landscape for solar project equipment.

ARRAY TechnologiesShoals Technologies Group

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