# ContourGlobal acquires Alpek's CHP portfolio in Mexico for $724 million

ContourGlobal agreed to acquire Alpek's portfolio of two natural gas-fired combined heat and power plants in Mexico, plus development rights for a third, for $724 million in cash plus $77 million refundable VAT.

- Type: Acquisition
- Announced: 2019-01-07
- Where: Mexico, Mexico
- Value: $724.0M
- Status: announced
- Capacity: 518 MW (two plants) + 414 MW (third plant planned)
- Products: combined heat and power, electricity, steam
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Alpek](https://endata.com/companies/4456.md) (target)
- [ContourGlobal](https://endata.com/companies/36532.md) (acquirer)

## Sources

- [shareprices.com](https://shareprices.com/rns/acquisition-of-chp-portfolio-in-mexico-from-alpek-276ybajd15h22ps/), 2019-01-07: "ContourGlobal today announces it has reached agreement with Alpek S.A.B. de C.V to acquire Alpek's portfolio of two natural gas-fired combined heat and power plants, together with development rights and permits for a third plant, for $724 million in cash."
- [nsenergybusiness.com](https://www.nsenergybusiness.com/news/contourglobal-alpek-cogeneration-plants/), 2019-01-09: "This accretive transaction fits squarely into our strategic and financial approach to acquisitions."

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