# China's TICA formalizes acquisition of Exergy ORC branch from Maccaferri

Nanjing TICA Thermal Technology formalized the acquisition of the operational branch of Italian ORC maker EXERGY from the Maccaferri Industrial Group, following a September 2019 auction. The new company will operate as EXERGY International S.R.L. near Milan.

- Type: Acquisition
- Announced: 2020-01-14
- Where: Milan, Italy
- Status: completed
- Capacity: turbines up to 25 MW each
- Products: Organic Rankine Cycle systems, radial outflow turbines, PureCycle ORC units
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Nanjing TICA Thermal Technology](https://endata.com/companies/6004.md) (acquirer)
- [EXERGY](https://endata.com/companies/6005.md) (target)
- [Maccaferri Industrial Group](https://endata.com/companies/6006.md) (partner)

## Sources

- [thinkgeoenergy.com](https://www.thinkgeoenergy.com/exergy-orc-restarts-with-tica-to-boost-integrated-systems-and-advanced-green-power-generation/), 2020-01-14: "Following successful auction bid, China's Nanjing TICA Thermal Technology Co. Ltd., has officially formalized the acquisition of EXERGY from the Maccaferri Industrial Group."

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