INNIO signs Definitive Agreement to Acquire Enerflex APAC Operations, Expanding Service Capabilities in the Asia-Pacific Region

Key Terms

aftermarket business operations technical

Aftermarket business operations are the products and services a company provides after a customer buys its main product, such as spare parts, maintenance, repairs, software updates, training, and warranties. Like a car shop that keeps a vehicle running after purchase, these activities generate recurring revenue, higher margins, and stronger customer loyalty, making a company's earnings more predictable and valuable to investors.

installed base technical

Installed base is the total number of a company’s products or systems that are currently in use by customers. Investors watch it because a larger installed base often means steady revenue opportunities from repeat purchases, upgrades, accessories, or service contracts—think of it like the number of cars a brand has on the road that can return for fuel, repairs, or new parts over time.

distributed gas compression technical

Distributed gas compression is the practice of placing many smaller compressor units near where natural gas is produced, stored, or used, rather than relying on one large central compressor. Think of it like using several neighborhood booster pumps instead of one big water tower pump: it can lower transportation costs, improve reliability and flexibility, and reduce single-point failures. Investors watch this because it changes capital spending, operating costs, emission profiles, and the ability to scale or reconfigure gas networks quickly.

lean-burn engines technical

Lean-burn engines are internal combustion engines designed to run on a higher proportion of air relative to fuel than conventional engines, like walking a dog with fewer treats per step: they use less fuel for the same distance. For investors, they matter because they can lower fuel costs and carbon emissions, affect a vehicle maker’s compliance with emissions rules, and shift demand and costs for engine suppliers and after-market services.

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JENBACH, Austria--(BUSINESS WIRE)-- INNIO Group, a leading energy solution and service provider, today announced it has signed a definitive agreement with Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) to acquire their aftermarket business operations in Australia, Thailand and Indonesia. The transaction advances INNIO’s strategy to strengthen its presence in the Asia-Pacific (APAC) region and enhance customer proximity. The transaction is subject to customary closing conditions and regulatory approvals. Closing is expected during the second half of 2026.

The Enerflex APAC aftermarket business operates principally in three countries and eight locations. The company offers extensive workshop and office space, as well as a strong installed base. This base is supported by long-term service agreements with major oil and gas companies.

Dr. Dennis Schulze, CFO of INNIO Group, commented: “By integrating Enerflex’s expertise in the APAC region, we strengthen our service portfolio, deliver greater customer value, and accelerate growth in APAC. Enerflex has been a valued and long-standing partner of INNIO, and we look forward to building on this partnership in the future.”

This acquisition will allow INNIO to complement its portfolio in APAC and reinforce its commitment to customer-centric solutions. It also provides a solid platform for future growth in the region, building on INNIO’s acquisition of Souer in Thailand in 2024.

INNIO Group’s Waukesha engines provide reliable and compliant energy solutions for distributed gas compression and power generation applications. The brand’s rich and lean-burn engines, ranging from 200 kW – 3.7 MW, set an industry standard for low emissions, high reliability, and fuel flexibility.

About INNIO Group

INNIO Group is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With its Jenbacher and Waukesha product brands and its AI-powered myplant digital platform, INNIO Group offers innovative solutions for data center power infrastructure, distributed power generation, and compression applications. With its flexible, scalable, and resilient energy solutions and services, INNIO Group enables its customers to drive the energy transition across the energy value chain and ensures reliable energy supply even where the grid is not available.

For more information, visit INNIO Group’s website at innio.com. Follow INNIO Group on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225464035/en/

For further information please contact:
Alexander Becker
INNIO Group
+43 664 80833 1998
alexander.becker@innio.com

Source: INNIO Group