M&As this week: Aggreko, Hansen Technologies, Aggregated Micro Power Holdings
Aggreko has entered an agreement to acquire energy storage systems developer Younicos for €40m ($52m) in cash.
The acquisition is expected to strengthen temporary power and temperature control solutions provider Aggreko’s position in the global energy market and forms part of its strategy to invest in technology for minimising energy costs.
Hansen Technologies plans to acquire Enoro Holding (Enoro) for A$96m ($73.76m) including a net debt of approximately A$26m ($19.28m).
Hansen is engaged in providing customer care and billing, as well as metre data management software solutions. Enoro is a customer information systems (CIS) and metre data management (MDM) systems provider.
Aggregated Micro Power Holdings (AMP) has completed the acquisition of a 50.1% stake in commercial biomass heating and combined heat and power (CHP) solutions provider HWEnergy (formerly Highland Wood Energy) for €0.5m ($0.65m).
Engaged in financing, developing, and operating energy facilities, AMP will gain majority ownership of HWEnergy, which will continue to operate as a stand-alone entity operating from its Fort William HQ and Bellshill office.
AMP also has an option to acquire the remaining 49.9% of HWEnergy for €2m ($2.59m) within three years. Other shareholders of HWEnergy can acquire AMP’s 30.1% of the business for €0.5m ($0.65m), if AMP fails to exercise its call option.