INNIO Acquires ECI-Distribution, PowerUp
By Jack Burke04 November 2020
INNIO has acquired ECI-Distribution GmbH and PowerUp GmbH as the engine manufacturer moves to expand its capabilities in service and components for gas engine and cogeneration plants.
ECI-Distribution GmbH covers numerous parts of the gas engine value chain. The company produces state-of-the-art components for reducing emissions and increasing the output of gas engines, including cylinder heads, connecting rods, steel pistons and spark plugs. The company also maintains a worldwide network of distributors.
By the same token, the acquisition of PowerUp GmbH will allow the expansion and extension of customer-specific overhauls and upgrades of gas engines and cogeneration plants at the brand new production site in Stans, INNIO said in a press release. The focus is on maximizing efficiency, performance and reliability of the assets. Moreover, PowerUp also offers inspections, maintenance and commissioning of such plants.
The sellers are the managing directors of ECI-Distribution and PowerUp, Eugen Laner, Thomas Achrainer and Norbert Rupprechter in addition to their silent partners ECI-Manufacturing and PGES GmbH. The acquired companies will continue to be led by the managing partners as an independent company. As of December 1st, 2020, proven gas-engine expert Dr. Günther Herdin, who is withdrawing from PGES GmbH, will support the INNIO Group as a technology consultant.
“The integration of these two highly successful Tyrolean companies with international presence fits perfectly into our strategy, not least when it comes to our desired increase in customer satisfaction,” said Carlos Lange, president and CEO of INNIO. “INNIO is now even better positioned to offer tailored concepts to maximize the efficiency, performance and reliability of our engines and cogeneration plants. For our customers, this results in a classic win-win situation with the best of two worlds: top-class engine and component technology coupled with first-class performance in planning, implementation, maintenance and overhauling.”
INNIO said ECI-Distribution and PowerUp will benefit from enhanced innovative strength for additional increases in capacity, attractive local and international training and career opportunities, a competitive service cost structure, and extensive synergies for joint successful growth.
“With the rise of renewable energies and the phase-out of coal as part of Europe’s path towards climate neutrality, the demand for flexible gas engine and cogeneration plants is on the rise,” Lange said. “We have the innovative technologies to meet these demands and are working at full speed on further developments, e.g., the future use of hydrogen. Together with ECI-Distribution and PowerUp, we are now even better positioned to tap into this potential.”