BGR has acquired assets, JV shares and IP rights from Enexio Group
May 2023 — In the context of a strategic refocusing, Enexio Group has sold various assets of its dry air-cooled condenser business to its Indian joint venture partner BGR Investment Holdings. In a complex, multinational carveout, BGR has acquired the following significant assets from Enexio: machinery and production facilities in China (asset deal), the remaining shares in the joint venture in India (share deal) and IP rights and licenses, such as software in Germany (share deal).
BGR, headquartered in India, executes turnkey contracts to supply balance of plant (BOP) equipment, services and civil works for power generation projects, including boilers, turbines and generators. Having successfully executed BOP contracts, it has begun to focus on engineering, procurement and construction (EPC) contracts, in which it designs, engineers, and supplies all equipment required for power plants. The company is currently executing BOP and EPC contracts tailored to customer demands. BGR consists of five complementary businesses, including air fin cooler, oil and gas equipment, environmental engineering, power and electrical projects.
Enexio represents the former power cooling division of GEA Group AG. The portfolio ranges from air cooled condensers and wet cooling towers, including service for wet and dry applications to 2H water technologies.
Our role in the transaction
Oaklins’ team in Germany acted as a full-scope buy-side M&A advisor to BGR.
Talk to the deal team
Related deals
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGramo has completed a mandatory public takeover bid for the shares of Deceuninck
Gramo BV has completed a mandatory public takeover bid for the shares of Deceuninck NV. The bid was launched after Gramo’s conversion of warrants increased its participation in Deceuninck above the 30% voting rights threshold, thereby triggering a mandatory takeover bid under Belgian takeover legislation. The transaction further strengthens the stability of Deceuninck’s shareholder base and supports the company’s long-term strategy focused on innovation, sustainability and operational excellence.
Learn moreGVS has completed a voluntary partial tender offer for its own shares
GVS S.p.A. has completed a voluntary partial public tender offer for 12.3% of its own share capital.
Learn more