On September 8, 2025, Nextracker (Nasdaq: NXT), a leading solar technology platform provider, announced its expansion into the solar panel frame market through the acquisition of Origami Solar, Inc.—a pioneer in roll-formed steel frame technology. This is an all-cash transaction totaling approximately $53 million, inclusive of future contingent earnout consideration.

Origami Solar’s frames are engineered as drop-in replacements for conventional aluminum frames. They match standard industry form factors, enabling seamless integration into existing manufacturing lines and facilitating broad, rapid adoption of steel frame technology.

This acquisition brings dedicated panel frame design and engineering talent to Nextracker, supporting continued innovation in optimized panel-tracker solutions.

WilmerHale’s corporate team advising Origami Solar was led by Joe Wyatt and included Shafi Armatis, Virginia M. Pavlick, Adi Iyer, and Sofia Schonenberg. The team also included Stephen Gillespie for intellectual property, technology, and licensing matters, and Amanda Albert, Ariella Feingold, Ciara Baker, David Strong, Ben Kelsey, and Kevin Agostinelli for employment, employee benefits, equity compensation, and tax matters.