# Engie Ineo to acquire Powerlines Group

Engie, through its subsidiary Engie Ineo, has reached an agreement to acquire Austrian railway electrification company Powerlines Group from private equity firm Glide Buy Out Partners. The acquisition is subject to approval by European competition authorities.

- Type: Acquisition
- Announced: 2019-08-26
- Where: Austria
- Status: announced
- Products: railway electrification systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Engie](https://endata.com/companies/999.md) (acquirer)
- [Powerlines](https://endata.com/companies/40995.md) (target)
- [Engie Ineo](https://endata.com/companies/41590.md) (acquirer)
- [Glide Buy Out Partners](https://endata.com/companies/41591.md) (partner)

## Sources

- [railjournal.com](https://www.railjournal.com/financial/engie-ineo-to-acquires-powerlines-group/), 2019-08-26: "The acquisition, which is taking place through Engie subsidiary Engie Ineo, is subject to approval by European competition authorities."

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