Inform - Is ArcelorMittal’s Acquisition of Exosun a Sign of Things to Come in the PV Tracker Market?
On January 4th, 2018, ArcelorMittal announced that it had acquired pure-play tracker vendor Exosun. The acquisition was confirmed by the Commercial Court of Bordeaux, in which Exosun had entered receivership in July of 2017. ArcelorMittal is the world’s largest steel manufacturer. This acquisition marks the latest entry of a global corporation into the rapidly growing solar tracker market. Terms of the acquisition were not disclosed.
Typically, the acquisition of a small, bankruptcompany wouldn’t turn many heads. However, when the acquirer is the world’s largest steel company, ears perk up and the competition takes notice.
This brief report summarizes the acquisition and provides perspective on why it might be a big deal for the industry.
This report is available only as part of GTM Research's PV Systems & Technologies Service.