INNIO Group – Enerflex

The INNIO Group operates in the industrial equipment and energy infrastructure sector, primarily as a global manufacturer of gas power units under the Jenbacher and Waukesha brands. Its products are supplied to industries such as power generation, oil and gas (particularly for gas compression), utilities and large-scale industrial users. INNIO’s power units are used for distributed power generation, combined heat and power applications, and gas compression, serving a broad range of commercial, industrial and utility customers.

Enerflex Australia operates in the energy infrastructure services sector with a strong focus on supporting the gas industry as well as industrial energy users. The company provides aftermarket services such as maintenance, repair, spare parts, field services, retrofits, and operations and maintenance for a wide variety of gas compression and engine-power equipment.

Two wholly owned subsidiaries of INNIO Holding (INNIO Jenbacher International and INNIO Jenbacher Netherlands) propose to acquire from Enerflex Ltd (together with all its subsidiaries, Enerflex Group) the issued share capital in certain Enerflex Group operating companies in Australia, Indonesia and Thailand (Target Companies), which will transfer Enerflex Group’s aftermarket service businesses in those countries to the INNIO Group (APAC Transaction).

The Australian element of the APAC Transaction (the Acquisition) comprises the acquisition by INNIO Jenbacher International of all of the issued share capital in Enerflex Service Pty Limited (Enerflex Australia) from Enerflex Australasia Holdings Pty Ltd., an indirect, wholly-owned subsidiary of Enerflex Ltd. On completion of the Acquisition, Enerflex Australia will become an indirect, wholly owned subsidiary of INNIO Holding and part of the INNIO Group’s global Jenbacher/Waukesha gas compression power units and services business.