COMPETITIVE · MARKET STRUCTURE · INDONESIA
INNIO agreement to acquire Enerflex APAC aftermarket operations
Change
INNIO Group signed a definitive agreement to acquire Enerflex Ltd.’s APAC aftermarket business operations in Australia, Thailand, and Indonesia, with closing expected in 2H 2026 subject to regulatory approvals and customary conditions.
Why it matters
A definitive agreement is now in place for INNIO to buy Enerflex’s APAC aftermarket operations across eight locations in Australia, Thailand, and Indonesia. If closed, the transaction shifts the regional service platform (workshops, offices, installed base support) under INNIO, altering counterparty and operational control for existing service relationships. The acquired business is supported by long-term service agreements with major oil and gas companies, so contract administration and service execution would transition to INNIO at close. The transaction remains contingent on customary closing conditions and regulatory approvals, with an expected closing window in the second half of 2026. Until close, the businesses remain separate, but the signed agreement reduces uncertainty versus earlier-stage discussions and sets a defined path to a control change.
Implications
- • Counterparty for APAC aftermarket service contracts shifts to INNIO at closing
- • Regulatory approval process becomes a gating factor for deal timing to 2H 2026
- • INNIO’s APAC service capacity expands via eight existing locations and facilities
- • Enerflex reduces/exit exposure to APAC aftermarket operations upon completion
Who is affected
- • INNIO Group (Jenbacher/Waukesha) APAC service and operations teams
- • Enerflex Ltd. APAC aftermarket employees and site operations in AU/TH/ID
- • Oil & gas operators in APAC holding long-term service agreements with Enerflex
- • Regulators reviewing the transaction in Australia, Thailand, and Indonesia
Source
Topics
Business & Markets Mergers & Acquisitions Energy & Power Oil & Gas Energy Transition