BUCHAREST (Romania), November 1 – UK-based multinational company focused on the engineering, installation, and the upkeep of engine-based power plants Clarke Energy stated Friday it had acquired Romanian energy service company TEB Energy and its Greek subordinate Genelco Power Systems.
The agreement, whose amount was not disclosed, comprises the gain of 38 new agents and an established gas engine formation in these countries of more than 200 MW in the turf, Clarke Energy stated in a press discharge. “TEB and Genelco are a boundless fit to join the Clarke Energy group of companies, and we share many synergies. We wish to support and grow these businesses utilizing our expertise in the gas engine segment and continue to deliver industry-leading stages of equipment performance,” Clarke Energy president Jamie Clarke stated.
Like Clarke Energy’s central business, TEB and Genelco emphasis on delivering quality gas engine installations backed by dependable after-sales support. Clarke Energy’s strengths in the areas of application engineering, project management, and after-sales service care will boost the offerings to TEB and Genelco clienteles in Romania and Greece, Clarke Energy stated.
TEB Energy Business is a publisher and provider of co-generation facilities and engines headquartered in Romania, which also proposes energy efficiency schemes to a wide range of customers in industrial and biogas arenas.
TEB started Genelco Power Systems in 2011 in order to have a local distributor to retail engines and undertake the accountability of implementing preservation services in Greece.
According to the company’s website, GED Capital controls a 58.5% stake in TEB, while the remaining is held by four businessmen.