Closing of the Acquisition of ECI-Distribution GmbH & PowerUp GmbH

Source: www.gulfoilandgas.com 12/2/2020, Location: Europe

INNIO announces that the acquisition of ECI-Distribution GmbH and PowerUp GmbH, announced on November 4, 2020, has been completed effective December 1, 2020.

The energy technology company ECI-Distribution GmbH, which was acquired by INNIO, covers numerous parts of the gas engine value chain. They produce state-of-the-art components for reducing emissions and increasing the efficiency of gas engines. Founded in 2014, the company also has a worldwide distribution network.

By the same token, the acquisition of the internationally active PowerUp GmbH will allow for the continued expansion of customer-specific overhauls and upgrades of gas engines, as well as cogeneration plants, at the brand new workshop site in Stans, Austria. The focus is on increasing the assemblies’ efficiency, performance and dependability.

“The purchase of these two companies is an important strategic growth step for us,” said Carlos Lange, President and CEO of INNIO on the acquisition of the two Tyrolean companies. “After all, we are expanding not only our capacity, but also our company's portfolio of expertise and services in the areas of service and innovative components. Our customers will also benefit greatly.”

The previous owners are the managing directors of ECI-Distribution/PowerUp, Eugen Laner, Thomas Achrainer and Norbert Rupprechter, their silent partners, as well as ECI Manufacturing and PGES GmbH. The acquired companies will continue to be managed by the managing partners as independent companies.


United Kingdom >>  6/28/2022 - The UK's efforts to reduce carbon emissions are getting more ambitious thanks to Equinor and SSE Thermal. In order to shift to using hydrogen in the S...
Denmark >>  6/27/2022 - As the global leader in wind energy, Vestas plays a leading role in providing the solutions and services needed to accelerate the energy transition. T...

Kuwait >>  6/27/2022 - KIPCO - Kuwait Projects Company (Holding) - has obtained the approval of the Capital Markets Authority (CMA) to merge by amalgamation with Qurain Petr...
United States >>  6/27/2022 - Primoris Services Corporation has entered into a definitive merger agreement to acquire PLH Group, Inc. (“PLH Group” or “PLH”) in an all-cash transact...

Australia >>  6/23/2022 - It was announced that MMA Offshore Limited has entered into an agreement to acquire Subcon International Pty Ltd through the acquisition of 100% of Su...
Denmark >>  6/23/2022 - Noble Corporation (NE) ("Noble") and The Drilling Company of 1972 A/S (DRLCO), collectively with Noble, the "Parties," provided an update on the ongoi...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.