Kinematics Expands Global Leadership with P4Q Acquisition

Deal News | Feb 05, 2025 | Globenewswire

Kinematics Expands Global Leadership with P4Q Acquisition

Kinematics, a global leader in motion control technology, has successfully completed its acquisition of P4Q, a prominent IoT solutions provider known for its solar tracking systems and electronic devices. By integrating P4Q's advanced electronics portfolio, including over one million solar controllers, with its own installed base of 2.9 million solar actuators, Kinematics aims to dominate the motion-control technology market for solar trackers. This acquisition not only expands Kinematics' capabilities in solar tracking but also enhances their ability to provide comprehensive, cutting-edge solutions for OEMs worldwide. The synergies created by this acquisition are expected to set new industry standards for intelligent solar tracking technology, ultimately boosting the production and adoption of solar energy globally. The headquarters of the new joint entity will be in the U.S., with significant research and development operations across the U.S., Europe, and APAC.

Sectors

  • Renewable Energy
  • Motion Control Technology
  • IoT Solutions

Geography

  • United States – Kinematics' headquarters and several manufacturing sites are located here.
  • Spain – P4Q is headquartered in Spain and serves multiple international markets from there.
  • Europe – A major operations and service area for both Kinematics and P4Q.
  • Asia Pacific – A key region for research and development and manufacturing for the joint entity.

Industry

  • Renewable Energy – The acquisition is aimed at enhancing solar energy installations worldwide.
  • Motion Control Technology – Kinematics specializes in this sector, which is central to the acquisition's objectives.
  • IoT Solutions – P4Q is known for its Internet of Things solutions, particularly in solar tracking systems.

Financials

  • Not Disclosed – The financial terms of the acquisition between Kinematics and P4Q have not been publicly disclosed.

Participants

NameRoleTypeDescription
KinematicsBidding CompanyCompanyA global leader in motion control technologies and renewable energy solutions.
P4QTarget CompanyCompanyA leading provider of IoT and solar tracking solutions based in Spain.
John PayneCEOPersonCEO of Kinematics, overseeing the strategic acquisition.
Aitor AlapontCEOPersonCEO of P4Q, facilitating the integration of the two companies.