EnfraGen Spain has acquired 100% stake in Hidrotenencias from ACON Latin America Opportunities Fund and ACON Latin America Opportunities Fund-A.
Based in Spain, EnfraGen Spain is a subsidiary of Glenfarne Group, while the target company is a Panama-based renewable energy company, which owns and operates three run-of-the-river hydroelectricity projects.
Hidrotenencias has engaged UBS Investment Bank as financial adviser, and Morgan & Morgan as local legal advisers and Hogan Lovells as US legal advisers.
Finland-based Rejlers Finland Oy has acquired Antti Pitkanen Oy and Enease Oy.
Based in Finland, Antti Pitkanen is engaged in power grid engineering, while Enease, also based in Finland, is engaged in providing software and consultancy services.
The transaction will strengthen Rejlers’ scope in power grid planning and energy measurement services.
Go Green Energy has reached an agreement with Cyclone Power Technologies to acquire 81% stake in Cyclone Performance LLC.
Based in the US, Go Green is engaged in the manufacture, sale, leasing and renting of light towers and generators, while Cyclone Power Technologies is a developer of all-fuel clean-tech engines.
Italy-based CESI has acquired EnerNex, a power engineering and consulting firm based in the US. The acquisition will help CESI to expand its service portfolio in North America. While EnerNex will gain new opportunities for services in grid modernisation, cybersecurity and power systems consulting as part of CESI’s global network.
The two companies propose to combine their North American and European best practices and competencies to overcome complex challenges in the energy sector.
Equinor has reached an agreement to acquire Danske Commodities A/S (DC) for €400m ($467m).
This acquisition is expected to help Equinor develop as a broad energy company.
Based in Norway, Equinor is an international energy company, while the target company is a Denmark-based independent energy trading house engaged in short-term gas trading and energy market services.
Spark Power has acquired Orbis Engineering Field Services, an engineering design and technical field services provider based in Canada.
Also based in Canada, Spark Power is an independent provider of electrical power services and solutions.