# Orix Corp to acquire 22% stake in Ormat Technologies for $627M

Orix Corp will acquire a 22% ownership stake in Ormat Technologies from FIMI and Bronicki Investments for about $627 million, and enter into a strategic partnership.

- Type: Acquisition
- Announced: 2017-05-04
- Where: United States
- Value: $627.0M
- Status: announced
- Products: geothermal energy equipment and projects
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ormat Technologies](https://endata.com/companies/14852.md) (target)
- [ORIX Group](https://endata.com/companies/16153.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/article/markets/ormat-technologies-says-orix-corp-to-acquire-22-stake-in-ormat-for-about-627-m-idUSASA09N3N/), 2017-05-04: "Orix to acquire 22 percent ownership stake in Ormat from FIMI and Bronicki Investments and simultaneously enter into strategic partnership with Ormat."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.