TEDOM has acquired a 100% stake in Intergen, Italy's leading manufacturer of cogeneration units, significantly enhancing its presence in the European energy market.

Information on the Target

TEDOM, a multinational energy group, has made a strategic move to enhance its cogeneration business by acquiring a 100% stake in Intergen, Italy's leading manufacturer of cogeneration units. Founded in 1987 by Giorgio Keller, Intergen has remained a family-owned business, with its operations rooted in Lombardy. The company has successfully sold over 450 cogeneration units, amounting to nearly 600 megawatts of installed electrical power, establishing itself as a key player in the design, construction, and servicing of cogeneration and trigeneration plants. Intergen also serves as the exclusive distributor of MWM engines for the Caterpillar group in the Italian market.

By acquiring Intergen, TEDOM not only gains technical expertise in modular cogeneration but also expands its footprint in the Italian market, the fourth largest in Europe for cogeneration units. The Intergen brand will continue to operate under TEDOM's ownership, aligning its strategies to leverage TEDOM's strengths, thereby enhancing its capacity to serve Italian customers more effectively.

Industry Overview in Italy

The cogeneration industry in Italy is gaining momentum, driven by regulatory support from the European Commission, which identifies cogeneration as a vital component of the energy mix. Italy boasts a diverse climate and a robust industrial base, creatin