Magnesium Capital completed the acquisition of a majority stake in Inopower.

Magnesium Capital, a private equity firm, completed the acquisition of a majority stake in Inopower, a provider of Power-to-Heat technologies. Financial terms were not disclosed. “We are delighted to add this investment into the Magnesium Capital portfolio. Their expertise in Power-to-Heat technologies along with an enviable track-record of delivering solutions to the World’s most experienced district heating operators and dominant position in this high growth area, make Inopower a perfect fit with our investment strategy. We look forward to working with Troels, Kenneth and the rest of the management team in supporting the Company in this next phase of their journey,” Ian Jones, Magnesium Capital Managing Partner.