# Innogy acquires majority stake in cogeneration unit maker TTS Martin

Innogy completed the acquisition of an 80% stake in TTS Martin, a Slovak manufacturer of cogeneration units and backup power generators, through its subsidiary Energo TTS. The remaining 20% is held by the founder's son. The transaction value was not disclosed.

- Type: Acquisition
- Announced: 2022-07-27
- Where: Martin, Slovakia, Slovakia
- Status: completed
- Products: cogeneration units, backup power generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [innogy SE](https://endata.com/companies/21346.md) (acquirer)
- [TTS Martin](https://endata.com/companies/36506.md) (target)

## Sources

- [teraz.sk](https://www.teraz.sk/ekonomika/innogy-kupuje-slovenskeho-vyrobcu-koge/650238-clanok.html), 2022-07-27: "Energetická skupina innogy dokončila akvizíciu výrobcu elektrických zdrojových agregátov a kogeneračných jednotiek, spoločnosť TTS Martin."

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