Kirkland & Ellis advised Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest providers of of utility-scale solar tracker technology, in connection with its definitive agreement to acquire Soluciones Técnicas Integrales Norland, S.L. (“STI Norland”), one of Europe’s leading manufacturers of solar trackers. Under the terms of the agreement, Array will acquire STI Norland for approximately €570 million in cash and stock. The transaction is expected to close in the first quarter of 2022.
The Kirkland team was led by corporate partners Rhett Van Syoc, David Higgins and Tom McCarthy and associates Zach Savrick and Michael Bassi, capital markets partners Michael Kim and Michael Rigdon and associate Logan Weissler, debt finance partner Andy Veit, and litigation partner Meghan Dolan.