Kinematics Strengthens Solar Tracking Leadership with P4Q Acquisition

Deal News | Feb 05, 2025 | Globenewswire

Kinematics Strengthens Solar Tracking Leadership with P4Q Acquisition

In a significant move to enhance its global leadership in smart solar tracking, Kinematics has completed the acquisition of P4Q. The integration of P4Q's high-performance electronic portfolio, including over a million solar controllers in 2400 solar installations globally, with Kinematics' 2.9 million installed solar actuators, positions the combined entity as the largest global provider of solar motion control technology with over 134 gigawatts of solar installations worldwide. The acquisition bolsters Kinematics' capability to provide comprehensive solutions in smart solar tracking by integrating designs and supplies for OEMs and enabling advanced tracking systems for future installations. This coupling enhances Kinematics' global support, offers unified motion control solutions, and sets new standards for smart solar tracking technology as noted by John Payne, CEO of Kinematics. The collaboration is expected to increase solar plant output, improve reliability, and accelerate global solar energy adoption. P4Q’s CEO, Aitor Alapont, highlights the revolutionary Self-Powered Plus (SPP) controller that reduces capital expenses and installation complexity. Kinematics’ recent innovations in motion control also played a key role in this strategic acquisition. The synergy aims to optimize operations globally with the combined company operating six manufacturing centers and multiple service centers worldwide.

Sectors

  • Renewable Energy
  • Electronics

Geography

  • United States – Kinematics, the main company in the acquisition, is headquartered in Phoenix, Arizona, USA.
  • Spain – P4Q, the acquired company, is based in Spain, indicating its geographical relevance.

Industry

  • Renewable Energy – The acquisition pertains to the solar energy sector where renewable energy technologies like solar tracking systems are enhanced.
  • Electronics – P4Q specializes in electronic components and IoT solutions, contributing to the electronic aspect of solar tracking technologies.

Financials

    Participants

    NameRoleTypeDescription
    KinematicsAcquiring CompanyCompanyGlobal leader in smart solar tracking solutions, specializing in motion control technologies.
    P4QTarget CompanyCompanySpanish company specialized in electronic solutions and IoT for solar tracking systems.
    John PayneCEO of KinematicsPersonKey executive in leading Kinematics through the acquisition.
    Aitor AlapontCEO of P4QPersonLeader of P4Q during its acquisition by Kinematics.
    Noemí PérezCommercial Director of P4QPersonInvolved in the strategic integration of P4Q with Kinematics.