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Aggreko acquires Younicos for £40 million · Endata

◂ Announcements

Jul 3, 2017ACQUISITION

Aggreko acquires Younicos for £40 million

British power generation company Aggreko has acquired German-U.S. battery storage specialist Younicos for £40 million ($52 million) in cash. Younicos will report to Aggreko's CEO.

Value

$52.0M (40.0M GBP)

Status

Completed

Productsbattery storage systemsenergy storage solutions

CompaniesAggreko acquirer Younicos target

Sectors#Power Generation Equipment

“Younicos, the German-U.S. developer of battery technology and energy storage solutions, has been acquired by Glasgow-headquartered power generation company Aggreko in a deal worth £40 million ($52 million).”pv-magazine.com

2 sources
pv-magazine.comYounicos acquired by Aggreko in £40m deal - pv magazine GlobalIan CloverJul 3, 2017
energy-storage.newsYounicos bought out for US$50 million - Energy-Storage.NewsAndy ColthorpeJul 3, 2017

Summarized from public sources; check the original articles before acting on it.

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