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Ardova to acquire Powergas for gas expansion

PRIVATESep 25, 2026

Acquiring Company

Ardova Plc

Acquired Company

Powergas Global Investments Nigeria Limited

LagosLagosManufacturingEnergyOil And GasEnergyOil And Gas

Description

Ardova Plc has entered into an agreement to acquire 100% of Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited. This acquisition aims to bolster Ardova's natural gas platform alongside its existing petroleum products. The deal, expected to close around late 2026, will leverage Powergas’ capabilities and infrastructure to enhance access to natural gas in Nigeria.

Company Information

Company

Ardova Plc

Location

Lagos, Lagos State, Nigeria

About

Ardova Plc is a leading indigenous integrated energy company in Nigeria that has set a new benchmark in the lubricants market with the unveiling of its state-of-the-art lubricant oil blending plant.

Fundz sees it the moment Ardova Plc makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Powergas Global Investments Nigeria Limited?

Powergas Global Investments Nigeria Limited was acquired by Ardova Plc, based in Lagos. The deal was reported on September 25, 2026. Ardova Plc is a leading indigenous integrated energy company in Nigeria that has set a new benchmark in the lubricants market with the unveiling of its state-of-the-art lubricant oil blending plant. Ardova Plc is privately held and operates in Manufacturing.

When did Ardova Plc acquire Powergas Global Investments Nigeria Limited?

Ardova Plc's acquisition of Powergas Global Investments Nigeria Limited was reported on September 25, 2026. Ardova Plc has entered into an agreement to acquire 100% of Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited. This acquisition aims to bolster Ardova's natural gas platform alongside its existing petroleum products. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Powergas Global Investments Nigeria Limited do?

Powergas is one of Africa’s largest producers of compressed natural gas. Founded in 2013, it specializes in supplying natural gas beyond conventional pipeline networks. The company focuses on energy solutions for commercial and industrial customers. It is privately held, operating in Energy, and is based in Lagos.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.