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Nov 27, 2023 16:32 EEST
November 27 (SeeNews) - German energy technology company Siemens Energy closed a transaction to buy 100% of Croatia’s Pro Integris, a full-service engineering and consulting company providing services in energy automation of power facilities, the sell-side adviser to the shareholders of Pro Integris said on Monday.
The size of the transaction was not disclosed, Tomislav Kovalisko, managing partner at Vestibule Partners, said in a note on his Linkedin profile.
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Clients and partners of Pro Integris, established in 2007, are companies and organisations operating in the generation, transmission and distribution of electricity.
The Split-based company has more than 50 employees, according to its profile on Linkedin.
Siemens Energy is a one of the world’s leading energy technology companies working with its customers and partners on energy systems for the future and supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. Its portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers.
The company employs 96,000 people worldwide in more than 90 countries and generated revenue of around 31 billion euro ($34 billion) in fiscal year 2023.
According to data from the court registry, Pro Integris had 15 founders individuals so far, and the buyer is the Dutch-registered subsidiary of Siemens Energy, Siemens Energy Holding.
($ = 0.913 euro)
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