Munich-based energy technology company INNIO N.V. has completed the acquisition of the aftermarket business operations belonging to Calgary-based Enerflex Ltd. in Australia, Thailand and Indonesia, the company announced.
The deal gives INNIO, which trades on the Nasdaq under the ticker INIO, a stronger foothold in the Asia-Pacific region by adding service capabilities that bring it closer to customers in the area. The acquired operations span three countries and eight locations, according to the company.
What INNIO Is Gaining
The business being absorbed into INNIO includes workshop and office facilities along with an experienced workforce. It also comes with an established installed base of equipment supported by long-term service agreements with major oil and gas companies operating in the region.
INNIO said the acquisition will help it provide more responsive service and lifecycle support to customers across the Asia-Pacific region going forward.
INNIO’s Broader Business
INNIO describes itself as a global distributed energy solutions provider, designing, manufacturing and servicing power systems under its Jenbacher and Waukesha brands. Its equipment is used in applications such as data centers, microgrids, grid stabilization, industrial energy and gas compression.
As of the end of 2025, the company said it had a presence across approximately 100 countries and employed more than 5,000 people worldwide. INNIO has pointed to rising electricity demand, driven by factors including artificial intelligence growth, electrification and grid constraints, as a driver for its business, which it says supports scalable, behind-the-meter power generation with fuel flexibility, including hydrogen-ready solutions.
The transaction marks a further step by INNIO to expand its aftermarket service network internationally, adding to a business model the company describes as delivering long-term, recurring revenue across the equipment lifecycle.
This article references reporting from:
