Announced
Financials
Sources
Tags
natural gas
clean energy solutions
Alternative Fuels
Friendly
Single Bidder
Private
Cross Border
Pending
United States
Acquisition
Renewable Energy Equipment
Majority
Private Equity
Synopsis
Advent-backed INNIO, an energy solution and service provider that empowers industries and communities to make sustainable energy work today, agreed to acquire Northeast-Western Energy Systems, an integrator of Jenbacher clean natural gas Combined Heat and Power, biogas, landfill gas and wood gas to energy solutions. Financial terms were not disclosed. “Building on our successful collaboration with the very experienced Northeast-Western Energy Systems team, we will now be able to further grow our business in North America. Not only can we increase our offering for new installations and related services, but we add outstanding microgrid and project management expertise to our team. I look forward to welcoming the Northeast-Western Energy Systems team to the INNIO Group,” Dr. Olaf Berlien, INNIO Group President and CEO.
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