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    Zetwerk buys solar tracker, wind turbine components supplier Unimacts

    December 1, 2022 - SeeNews Renewables


      December 1 (Renewables Now) - India-based industrial machinery manufacturing firm Zetwerk Manufacturing has taken over Unimacts, a US-based supplier of solar tracker and wind turbine components, at a valuation of USD 39 million (EUR 37.2m).

      The acquisition provides Zetwerk with additional global expansion and diversification as well as immediate access to solar and wind-power customers, the buyer said in a press release on Wednesday.

      Founded in 2022, Unimacts is a contract manufacturing and supply chain solutions company with a focus on renewable energy. It provides highly specified mechanical products, solar tracker and wind turbine components and offers complementary logistics support, design for manufacturing, inventory management and near-customer warehousing.

      As for the US firm, the transaction will give Unimacts the needed capital to expand its presence in the home market, Europe and Mexico, along with access to a strong off-shore footprint in India and Vietnam, the press release said.

      (USD 1 = EUR 0.955)


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