INNIO Jenbacher GmbH & Co OG

INNIO Power, based in Austria, specializes in manufacturing energy solutions, particularly focusing on advanced gas engines for combined heat and power systems, driving efficiency and supporting the transition to renewable energy sources. Founded in 2018 in Austria, INNIO Power produces innovative energy solutions, primarily known for its Jenbacher and Waukesha product lines. The company has completed 4 significant deals, with the latest being a Corporate Carve Out raising USD 2,250. 00 mn from Advent International on March 31, 2023.

CEO Olaf Berlien leads the company. INNIO specializes in providing innovative energy solutions primarily through its Jenbacher and Waukesha product lines, focusing on combined heat and power (CHP) systems. The core offerings include advanced gas engines that utilize renewable energy sources, such as hydrogen and biogas, enhancing energy efficiency and reducing carbon emissions. INNIO's technologies are designed for various applications, including power generation, heating, and cooling, serving utilities, industrial companies, and real estate developers across North America, Europe, and parts of South America.

In 2022, INNIO reported a revenue of USD 1,086. 73 mn and an EBITDA of USD 125. 83 mn, deriving income through B2B transactions with municipalities and industrial sectors, structured around long-term service agreements and project-based contracts. INNIO plans future growth through the launch of new energy solutions and expansion into targeted markets by the end of 2024.

The company intends to leverage recent funding from the Corporate Carve Out, which raised USD 2,250. 00 mn, to support these initiatives. In March 2023, Abu Dhabi Investment Authority agreed to acquire INNIO Jenbacher GmbH & Co OG, marking a significant strategic move in its growth trajectory.