Innio acquires BHKW & Energie Group

Recently, Innio has agreed to acquire BHKW & Energie Holding, its long-standing sales and service partner in Germany and specialist for combined heat and power (CHP) and environmentally friendly energy solutions. The group's services include rental of mobile CHP containers, supplying genuine spare parts, maintaining gas engines and analyzing and optimizing existing assets. The group, which employs a total of around 190 people, has a broad service network with locations in Ravensburg, Beesten, Kulmbach, Magdeburg, Rostock, Lübeck and Wilhelmshaven. More than 1,500 CHP modules with an output of over 1,200 MWel are maintained by the group.

Carlos Lange, President and CEO of Innio, is satisfied with the agreed upon acquisition: "The acquisition of the BHKW & Energie Group and their affiliates Energas and EPS is a very important step for Innio as it significantly strengthens our service network in Germany. For our customers, this results in a classic win-win situation with the best of two worlds: top-class engine technology coupled with high performance in planning, implementation and maintenance. Energas and EPS enjoy an excellent reputation in the industry. Making use of this solid foundation, we would now like to further expand our joint position. The cutting-edge technology from Jenbach and our ongoing innovations, for example in the areas of hydrogen-gas mixtures and biogas utilization, will provide valuable momentum."

In addition to managing directors Joachim Maier, Andreas Hülsing and Peter Mertel, the prior owners of BHKW & Energie Holding were Swiss Energie 360 Grad AG. All three gentlemen will remain with the Group as Managing Directors and, with their expertise, ensure continuity in the management of the company. The transaction is subject to approval by the competition authorities, which is currently expected by the end of the first quarter of 2020.

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