Announced
Financials
Tags
Private
United Kingdom
Majority
geothermal heat projects
Renewable Energy Equipment
Acquisition
Single Bidder
Friendly
Pending
Domestic
Synopsis
IGas Energy, an independent oil and gas exploration and production company, agreed to acquire GT Energy UK, a developer of deep geothermal heat projects onshore in the UK, for up to £12m. The acquisition is in line with IGas's strategy of diversifying into the wider UK energy market whilst leveraging its core competencies as an UK onshore operator.
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