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Terra Firma Energy completes acquisition of Hereford Flexible Generation Project from Noriker Power

Apr 10, 2024•over 1 year ago

Acquiring Company

Terra Firma Energy Limited

Acquired Company

Noriker Power Limited

LondonGloucestershireBiomass EnergyRenewable EnergyEnergy

Description

Terra Firma Energy Limited has successfully acquired a 28MW dual-technology flexible generation and storage project located in Hereford, Herefordshire, United Kingdom from Noriker Power Limited. This new project will provide 20MW of flexible generation capacity and 8MW of storage capacity, contributing to the UK's energy transition and commitment to providing a secure energy future.

Company Information

Company

Terra Firma Energy Limited

Location

London, England, United Kingdom

About

Welcome to Terra Firma Energy. We are a privately owned U.K. based Independent Power Producing company operating in the development of renewable & sustainable energy projects. We design, develop & construct carefully sourced projects with the emphasis on making them a cleaner & more respectful source of energy production for future generations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed