.
MergerLinks Header Logo

New Deal


Announced

Qatar Investment Authority to invest $125m in Fluence.

Financials

Edit Data
Transaction Value£93m
Consideration TypeCash
Capital Owned-
Capital Bid For12%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Software

Private

Energy / Utility Services

Single Bidder

energy storage

Acquisition

Pending

United States

Minority

Private Equity

energy storage software

Cross Border

Friendly

Synopsis

Edit

Qatar Investment Authority, a sovereign wealth fund, agreed to invest $125m in Fluence, a battery storage joint venture of Siemens and AES. “This is one more milestone in our strategy of setting this company up and eventually taking it public. The investment will allow Fluence to expand its energy storage offerings and develop its software that can maximize battery use in power markets," Andres Gluski, AES Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US