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.

TTS Martin has been awarded a €29.5 million contract to modernize the Martin heating plant in Slovakia, installing new boilers and cogeneration units to replace coal with natural gas by the 2019/2020 heating season.