# Aker Horizons acquires Rainpower to enter hydropower technology

Aker Horizons agreed to acquire 100% of Rainpower Holding AS and contribute approximately NOK 100 million in capital to develop it into a next-generation hydropower technology company.

- Type: Acquisition
- Announced: 2021-01-27
- Where: Lillehammer, Norway, Norway
- Value: $11.7M (100.0M NOK)
- Status: announced
- Products: hydropower turbines, governor systems, control systems
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Aker Horizons](https://endata.com/companies/52822.md) (acquirer)
- [Rainpower Holding](https://endata.com/companies/52823.md) (target)

## Sources

- [gulfoilandgas.com](https://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=907727), 2021-01-27: "Aker Horizons will use Rainpower as a platform to build a next generation technology company to optimize hydropower developments and operations."

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