# Viking Energy to acquire 60% stake in Simson-Maxwell

Viking Energy agreed to acquire a 60% stake in Simson-Maxwell, a manufacturer and supplier of industrial engines and power generation products. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2021-08-09
- Where: Houston, Texas, United States
- Status: announced
- Products: industrial engines, power generation products
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Viking Energy](https://endata.com/companies/56976.md) (acquirer)
- [Simson-Maxwell](https://endata.com/companies/56977.md) (target)

## Sources

- [app.mergerlinks.com](https://app.mergerlinks.com/transactions/2021-08-09-simson-maxwell/service-providers), 2021-08-09: "We are very excited to be working with Remora and the entire Simson-Maxwell team, and look forward to further strengthening an already-established platform and recognizable brand to position the company for additional expansion throughout North America through the remainder of this year and beyond."
- [globenewswire.com](https://www.globenewswire.com/news-release/2021/08/09/2277136/0/en/viking-energy-acquires-majority-interest-in-simson-maxwell-ltd.html), 2021-08-09: "We are very excited to be working with Remora and the entire Simson-Maxwell team, and look forward to further strengthening an already-established platform and recognizable brand to position the company for additional expansion throughout North America through the remainder of this year and beyond."

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