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 denny.jacob@wsj.com

(END) Dow Jones Newswires

October 25, 2023 16:51 ET (20:51 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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