Inform - Is ArcelorMittal’s Acquisition of Exosun a Sign of Things to Come in the PV Tracker Market?

by Scott Moskowitz

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.


Scott Moskowitz Senior Analyst, Solar

Scott Moskowitz is a Senior Analyst at GTM Research in the Solar PV Systems and Technologies practice, where his research focuses on PV system design, inverters, balance-of-system components and global downstream markets. In addition to tracking the global landscape of PV projects and balance-of-systems vendors, Scott was the Assistant Editor of PV News, the solar industry’s longest-running market research periodical. Before joining GTM Research, Scott was active with Engineers Without Borders, where he co-led a water and sanitation implementation project in the Peruvian Amazon. Scott holds a bachelor’s degree in civil engineering and mathematics from Vanderbilt University and a master’s degree in environmental engineering from the University of California, Davis, where his work focused on energy efficiency, life cycle analysis and environmental law.

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