Tuesday, January 14, 2020

Italy: Chinese Company Completes Acquisition of Italian Geothermal ORC Turbine Manufacturer

Exergy Restarts With Tica to Boost Integrated Systems and Advanced Green Power Generation (News Release)

Following successful auction bid, China’s Nanjing TICA Thermal Technology Co. Ltd., has officially formalized the acquisition of Exergy from the Maccaferri Industrial Group.

Exergy, Italian leader in Organic Rankine Cycle systems for clean power generation, and China’s TICA Group, an established leader in high-efficiency HVAC solutions and provider of thermal energy systems, announce that as part of an auction conducted on 25th September 2019 have formalized the acquisition of the operational branch of Exergy from the Maccaferri Industrial Group.

This strategic alliance will create significant synergies between the two groups and offer the global market a vast and competitive range of clean-technologies and green power generation solutions. The acquired branch includes all the assets and personnel of Exergy and its Turkish subsidiary, including its project references, know-how, and IP that have propelled the company to a leading position in its market. The new company will operate under the trade name of Exergy International S.R.L.

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