# Avila Energy acquires 17.2% stake in Micro Turbine Technology

Avila Energy Corporation will acquire a 17.2% equity interest in Micro Turbine Technology B.V. (MTT) from AVEX Energy, with a total investment of EUR 2,500,000.

- Type: Acquisition
- Announced: 2023-03-23
- Where: Netherlands
- Value: $2.70M (2.50M EUR)
- Status: announced
- Products: micro turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Avila Energy Corporation](https://endata.com/companies/69271.md) (acquirer)
- [Micro Turbine Technology B.V.](https://endata.com/companies/69272.md) (target)
- [AVEX Energy](https://endata.com/companies/69273.md) (partner)

## Sources

- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/avila-energy-corporation-is-pleased-to-announce-the-transfer-of-euro-2-500-000-eq-745389), 2023-03-23: "Upon completion of the transfer, the Company will become a shareholder, representing Seventeen-point Two Percent (17.2%) of the equity in Micro Turbine Technology B.V. (MTT)"

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