Nextracker to Separate From Flex Following Spinoff of Interests to Shareholders

By Denny Jacob

Solar tracker and software solutions provider Nextracker is separating from Flex.

Flex plans to effect a spinoff of all its remaining interests in Nextracker to its shareholders, which would result in a separation by Flex from its ownership of Nextracker, according to the company.

The Fremont, Calif.-based company said the separation from Flex is currently expected to close in the fiscal fourth quarter ending March 31 but remains subject to change.

Write to Denny Jacob at [e-mail]

(END) Dow Jones Newswires

10-25-23 1651ET