Key Mergers, Acquisitions & Investments in Energy & Sustainability

Kicking off our Deals & Dollars series, we’re focusing on the latest mergers, acquisitions, and major investments in the energy and sustainability sectors. This week features a mix of strategic expansions and impactful financial commitments.

Generac Power Systems Acquires Ageto to Bolster Microgrid Capabilities

Generac Power Systems, a leading global designer and manufacturer of energy technology solutions, has announced the acquisition of Ageto, a prominent provider of microgrid controllers. Ageto’s technology integrates, optimizes, and manages distributed energy resources, including renewable energy and EV chargers, in the commercial and industrial (C&I) market. This strategic acquisition, finalized on August 1, 2024, enhances Generac’s offerings by combining Ageto’s software solutions with Generac’s battery energy storage systems (BESS) and microgrid assets, allowing for comprehensive system integration and control. The financial terms of the transaction were not disclosed.

Exicom Acquires Tritium to Expand Global EV Charger Portfolio

Exicom, India’s largest manufacturer of EV chargers, has entered into a definitive agreement to acquire the business and assets of Tritium, a globally recognized leader in DC fast charging solutions. Tritium, headquartered in Australia, has sold over 13,000 DC fast chargers across 47 countries. The acquisition, which includes Tritium’s manufacturing facility in Tennessee, USA, and an engineering center in Brisbane, Australia, significantly expands Exicom’s global footprint and product offerings. This move positions Exicom to accelerate innovation and growth in the EV infrastructure sector, leveraging Tritium’s advanced technology and design capabilities to enhance its market presence.

AMCS Partners with EQT Private Equity for Strategic Growth

AMCS, a global leader in sustainability software for resource-intensive industries, has announced that EQT Private Equity will acquire a majority stake in the company. This partnership involves EQT X and EQT Future funds, alongside existing investors such as Insight Partners and Clearlake Capital, who will retain minority stakes. Headquartered in Ireland, AMCS offers a leading SaaS platform that supports industries including waste management, recycling, and manufacturing. The company’s solutions drive operational efficiency and sustainability for its customers, contributing to the global shift towards a circular economy. With this investment, EQT aims to accelerate AMCS’s growth and expand its impact in reducing CO2 emissions and improving resource efficiency across its extensive global customer base.

Natron Energy’s $1.4 Billion Sodium-Ion Giga-Factory

Natron Energy, the U.S.’s only commercial sodium-ion battery manufacturer, is investing $1.4 billion in a new giga-factory in North Carolina, creating over 1,000 jobs. This facility will extend their reach beyond EVs and into broader markets, solidifying Natron’s role in the green energy transition. Earlier this year, Natron commenced commercial-scale operations at its manufacturing facility in Holland, Michigan.

TS Conductor’s $60 Million Investment for Expanding Grid Capacity

TS Conductor has secured a $60 million investment to open a second U.S. production facility east of the Missisippi River. Its advanced electric power lines, recognized with a BNEF Pioneers Award, are designed to triple grid capacity during peak periods and reduce line losses by up to 50%, crucial for integrating renewable energy projects.

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