# 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.

- Type: Acquisition
- Announced: 2017-07-03
- Value: $52.0M (40.0M GBP)
- Status: completed
- Products: battery storage systems, energy storage solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Aggreko](https://endata.com/companies/10070.md) (acquirer)
- [Younicos](https://endata.com/companies/25320.md) (target)

## Sources

- [pv-magazine.com](https://www.pv-magazine.com/2017/07/03/younicos-acquired-by-aggreko-in-40m-deal/), 2017-07-03: "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)."
- [energy-storage.news](https://www.energy-storage.news/younicos-bought-out-for-us50-million/), 2017-07-03: "As a pioneer of smart energy solutions based on battery storage, Younicos is at the forefront of this trend."

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