Kinematics Completes P4Q Acquisition to Solidify Leadership in Solar Tracker Technology
Deal News | Feb 04, 2025 | Globenewswire
Kinematics, a prominent player in the motion control industry, has finalized the acquisition of P4Q, enhancing its capabilities in the solar tracker market. This strategic move consolidates Kinematics' position as the leading global supplier of motion control technology for solar trackers by integrating P4Q's advanced electronics into its extensive installed base of solar actuators. By incorporating P4Q's market-leading Suntrack tracker controls and pioneering Self-Powered Plus (SPP) Controller Technology, Kinematics aims to simplify design integration and provide more robust tracking systems. This acquisition seeks to improve the production and reliability of solar plants, fostering global solar energy growth. The combined entity will operate from the U.S. with manufacturing and service centers worldwide, streamlining operations and expanding product offerings.
Sectors
- Renewable Energy
- Manufacturing
- Technology and Electronics
Geography
- United States – Kinematics is headquartered in Phoenix, Arizona, and their acquisition of P4Q centralizes operations in the U.S.
- Spain – P4Q is headquartered in Spain, representing its European operations and influence in the acquisition.
Industry
- Renewable Energy – The acquisition is directly linked to advancements in solar tracker technology, part of the broader renewable energy sector.
- Manufacturing – Kinematics specializes in the design and manufacture of motion control solutions, integral to the manufacturing sector.
- Technology and Electronics – P4Q's expertise in electronics and IoT solutions integrates directly with Kinematics' technological advancements.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kinematics | Acquirer | Company | A global leader in motion control solutions, specializing in renewable energy applications. |
| P4Q | Target Company | Company | A premier provider of IoT and electronic solutions, particularly for solar tracking systems. |
| John Payne | CEO of Kinematics | Person | Leading the strategic direction for the acquisition of P4Q. |
| Aitor Alapont | CEO of P4Q | Person | Providing leadership and insights into the integration with Kinematics. |
| Noem Pérez | Commercial Director at P4Q | Person | Overseeing commercial strategies following the acquisition. |