RCS - INNIO Group - INNIO to Acquire Northeast-Western Energy Systems
25/09/2023 14:30
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230925:nRSY5584Na&default-theme=true
RNS Number : 5584N INNIO Group 25 September 2023
INNIO Group to Acquire Northeast-Western Energy Systems (NES-WES) - Largest
Distributor for Jenbacher Solutions in the U.S.
• The acquisition is another milestone in INNIO's growth strategy and
further strengthens INNIO's market position in the U.S.
• NES-WES is currently one of the leading distributors for Jenbacher
solutions globally
• The transaction is expected to close in Q4 2023
JENBACH, AUSTRIA / ACCESSWIRE / September 25, 2023 / The INNIO Group (INNIO*)
today announced the acquisition of Northeast-Western Energy Systems (NES-WES)
from Penn Power Group. NES-WES is a leading power systems integrator in the
U.S. With this decision, INNIO continues its successful growth strategy in the
U.S. and builds a nationwide offering for new installations and energy
services in the U.S.
Leading Jenbacher distributor
NES-WES is one of the leading distributors for Jenbacher solutions globally.
INNIO has been working with NES-WES for the past 20 years to develop the
market in North America and established a remarkable local installed base for
its Jenbacher product brand. NES-WES has evolved to be the largest distributor
for Jenbacher solutions in the U.S. with an experienced management team, a
highly skilled workforce, and an industry-leading customer service
organization in place.
Strong position for continuous growth
NES-WES has a large installed base of Jenbacher engines in the 500 kW - 5.0 MW
range supported by very strong parts and service capabilities. This provides a
strong foundation to build a nation-wide leading distributed energy business,
integrating engines, renewable technologies, energy storage systems, standby
power systems, microgrids and related services. Through the acquisition, INNIO
is in the position to rapidly scale the business and expand its share for
firm-hybrid microgrids, peaking power and renewable gas applications.
"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," said Dr. Olaf Berlien, President
and CEO of INNIO Group. "I look forward to welcoming the Northeast-Western
Energy Systems team to the INNIO Group."
Al Clark, President and CEO of NES-WES added: "As the largest distributor for
Jenbacher solutions in the U.S., we know the Jenbacher product portfolio and
applications extremely well and have experienced significant, increased demand
for INNIO's energy solutions first-hand. We have strong in-house capabilities
to design, integrate, build, operate and maintain small to large, distributed
energy systems, microgrids, balance of plant systems for continuous duty,
peaking, and fast start data center applications. Combined with INNIO's
immense growth and innovation potential we will be well positioned to expand
INNIO's market position in the U.S. We are truly very pleased to join forces
and excited about the opportunities of this partnership."
The transaction is expected to close in Q4 2023.
About INNIO Group
INNIO* Group is a leading energy solution and service provider that empowers
industries and communities to make sustainable energy work today. With its
product brands Jenbacher* and Waukesha* and its digital platform myPlant*,
INNIO offers innovative solutions for the power generation and compression
segments that help industries and communities generate and manage energy
sustainably while navigating the fast-changing landscape of traditional and
green energy sources. INNIO is individual in scope, but global in scale. With
its flexible, scalable, and resilient energy solutions and services, INNIO
enables its customers to manage the energy transition along the energy value
chain wherever they are in their transition journey.
INNIO is headquartered in Jenbach (Austria), with other primary operations in
Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than
4,000 experts provides life-cycle support to INNIO's more than 55,000
delivered engines globally through a service network in more than 100
countries.
In March 2023, INNIO's ESG rating ranked first out of more than 500 companies
worldwide in the machinery industry assessed by Sustainalytics.
For more information, visit INNIO's website at www.innio.com
(https://pr.report/WQebfMiP) . Follow INNIO Group and its brands on X
(https://pr.report/TpWqxMLK) (formerly known as Twitter) and LinkedIn
(https://pr.report/idqpOGWs) .
* INNIO, Jenbacher, Waukesha, and myPlant are trademarks of the INNIO Group or
one of its affiliates. All other trademarks and company names are the property
of their respective owners.
About Northeast-Western Energy Systems ("NES-WES"):
NES-WES is well established across the U.S. as a leading integrator of
Jenbacher clean natural gas Combined Heat and Power, biogas, landfill gas and
wood gas to energy solutions. NES-WES has continuously evolved over (20)
twenty years to include business development, application-solutions
engineering, project engineering, combined with comprehensive parts, service
and operating capabilities. NES-WES focuses on integrated Combined Heat and
Power, distributed energy, demand response-peaking and data center solutions
including microgrids, battery energy storage systems, thermal solutions,
carbon sequestration, emissions controls, electric generation, distribution,
and control systems.
NES-WES is headquartered in Bristol, Pennsylvania with well established
operations in Brea, California, and Anchorage, Alaska with further expansion
coming soon.
For more information about NES-WES visit www.nes-wes.com
(https://pr.report/aYOEf3ZK) as well as the LinkedIn page of
Northeast-Western Energy Systems.
Contact Information
Susanne Reichelt
INNIO Media Relations
susanne.reichelt@innio.com (mailto:susanne.reichelt@innio.com)
+43 664 80833 2382
SOURCE: INNIO Group
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END NRALAMTTMTMTBFJ