Acquiring Company
Hyundai Heavy Industries Power System
Acquired Company
NEM Energy
South Korea
AmsterdamManufacturingEnergyRenewable EnergyManufacturingEnergyOil And GasRenewable EnergyBiomass EnergyDescription
Hyundai Heavy Industries Power System has completed the acquisition of NEM Energy, enhancing its capabilities in the growing gas power generation market. The deal allows HPS to leverage NEM's advanced technology and global customer reach. This strategic move aims to increase project profitability and respond to the surge in demand for gas-based power solutions.
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M&A Insights
Based on deal dataFrequently asked
Who acquired NEM Energy?
NEM Energy was acquired by Hyundai Heavy Industries Power System, based in South Korea. The deal was reported on September 10, 2026. Hyundai Heavy Industries Power System (HPS) is a subsidiary of MICO Co., Ltd. It specializes in power generation equipment and solutions, aiming to enhance efficiency and sustainability in energy production. Hyundai Heavy Industries Power System is privately held and operates in Manufacturing.
When did Hyundai Heavy Industries Power System acquire NEM Energy?
Hyundai Heavy Industries Power System's acquisition of NEM Energy was reported on September 10, 2026. Hyundai Heavy Industries Power System has completed the acquisition of NEM Energy, enhancing its capabilities in the growing gas power generation market. The deal allows HPS to leverage NEM's advanced technology and global customer reach. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does NEM Energy do?
NEM Energy is a global leader in heat recovery boiler technology, with a history dating back to 1929. The company specializes in design and production for gas combined cycle power plants and has a strong presence in the North American market. It is privately held, operating in Manufacturing, and is based in Amsterdam.
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