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Announced

Completed

INNIO completed the acquisition of BHKW + Energie.

Synopsis

INNIO, a solutions provider of gas engines and power equipment, completed the acquisition of BHKW + Energie, a power generation company. Financial terms were not disclosed. "The acquisition of the BHKW & Energie Group and their affiliates Energas and EPS is a very important step for INNIO as it significantly strengthens our service network in Germany. For our customers, this results in a classic win-win situation with the best of two worlds: top-class engine technology coupled with high performance in planning, implementation and maintenance. Energas and EPS enjoy an excellent reputation in the industry. Making use of this solid foundation, we would now like to further expand our joint position. The cutting-edge technology from Jenbach and our ongoing innovations, for example in the areas of hydrogen-gas mixtures and biogas utilization, will provide valuable momentum," Carlos Lange, INNIO President and CEO.

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