Announced
Completed
Financials
Tags
Private
Completed
Austria
engine distribution components
Production Technology Equipment
Acquisition
Single Bidder
Private Equity
Friendly
Cross Border
Majority
Synopsis
Advent International, a private equity firm, completed the acquisition of distributed power business of General Electric, an American multinational conglomerate, for $3.25bn. "This is an exciting time to emerge as a stand-alone energy company. With the continued growth of renewables across the globe and the increased emphasis on energy efficiency, INNIO is well-positioned to be a key enabler and integral part of the energy transformation," Carlos Lange, INNIO President and CEO.
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