INNIO
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INNIO is the proprietor of Jenbacher and Waukesha gas engine brands, along with myPlant digital platform.
INNIO stands as one of the premier technology suppliers globally, specializing in the manufacturing of gas gensets. The company owns Jenbacher and Waukesha brands. The combined market share of these brands in the global gas engine market is estimated to be approximately 70%. The total installed power capacity of Jenbacher and Waukesha engines surpasses 64 gigawatts (GW). This capacity is adequate to provide energy to 124 million households, equivalent to the population of three countries similar to, for example, Germany. The product lines consist of reliable and cost-effective industrial gas engines ranging from 200 kW to 10 MW, serving diverse sectors. The company’s headquarters is situated in Jenbach, Austria, with production facilities located in Jenbach, Austria; Waukesha, USA; and Welland, Canada.
INNIO conducts product development and improvement through its 7 research centers located across the globe.
INNIO’s service departments and its network of 60 partners, including ETS-Astana LLP, in 100 countries, offer support throughout the entire life cycle of over 50,000 gas engines worldwide.
The INNIO brand emerged following an agreement between Advent International Corporation, the largest private investment company, and the American financial and industrial behemoth GE (General Electric). As per the agreement finalized in mid-2018, the entirety of GE Distributed Power business was transferred to the ownership of the investment fund. Advent has acquired rights to both Waukesha and Jenbacher gas engine product lines, as well as the manufacturing facilities located in Austria, the USA, and Canada. The transaction amounted to $3.25 billion, making the purchase of GE Distributed Power one of the largest transactions in the global distributed power generation market. At the outset of 2019, Advent introduced a new brand for its newly acquired business, which was named INNIO.
Advent International Corporation stands as one of the largest and most seasoned private investment firms globally. Since its establishment in 1984, Advent International has allocated over $70 billion to direct investments across 42 countries. As of 2022, the fund manages $89 billion in assets.
INNIO conducts product development and improvement through its 7 research centers located across the globe.
INNIO’s service departments and its network of 60 partners, including ETS-Astana LLP, in 100 countries, offer support throughout the entire life cycle of over 50,000 gas engines worldwide.
The INNIO brand emerged following an agreement between Advent International Corporation, the largest private investment company, and the American financial and industrial behemoth GE (General Electric). As per the agreement finalized in mid-2018, the entirety of GE Distributed Power business was transferred to the ownership of the investment fund. Advent has acquired rights to both Waukesha and Jenbacher gas engine product lines, as well as the manufacturing facilities located in Austria, the USA, and Canada. The transaction amounted to $3.25 billion, making the purchase of GE Distributed Power one of the largest transactions in the global distributed power generation market. At the outset of 2019, Advent introduced a new brand for its newly acquired business, which was named INNIO.
Advent International Corporation stands as one of the largest and most seasoned private investment firms globally. Since its establishment in 1984, Advent International has allocated over $70 billion to direct investments across 42 countries. As of 2022, the fund manages $89 billion in assets.
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