Innio Acquired | Manufacturing M&A Deal

Advent International has acquired Innio, a industrial equipment business in manufacturing in Germany, for $20.3 billion. Innio manufactures gas engine power solutions and behind-the-meter compression equipment, serving energy, utility, agriculture, and AI-driven data center customers. The company also provides services for repair and maintenance, with manufacturing hubs in Austria and North America, including production in Tirol. The other acquisition is tied to a U.S. IPO plan, with AI Alpine seeking $2.03 billion by offering 75 million shares on Nasdaq under ticker INIO, priced between $24 and $27.