CBRE Investment Management-backed Geonova completed the acquisition of Aitoenergia.

CBRE Investment Management-backed Geonova, a provider of decentralized heating and cooling solutions, completed the acquisition of Aitoenergia, a renewable energy service company. Financial terms were not disclosed. The acquisition marks a significant milestone in CBRE IM’s strategy to scale Geonova into a market leader in sustainable heating solutions. Aito’s portfolio of 62 long-term EaaS contracts will be integrated into Geonova’s operations, nearly tripling its existing contract base and expanding its geographical footprint across Finland.