Ormat Technologies - M&A Summary and Business Overview

UtilitiesCompany

Ormat Technologies M&A Summary

Ormat Technologies has acquired 4 companies, including 1 in the last 5 years.

Ormat Technologies’ largest acquisition to date was in 2021, when it acquired Terra-Gen Power - Two Contracted Geothermal Assets for $171M. Ormat Technologies has acquired in 4 different US states. The Company’s most targeted sectors include energy services and equipment (25%) and renewable energy (25%).

Ormat Technologies Business Overview

Where is Ormat Technologies headquartered?

Ormat Technologies is headquartered in Reno, Nevada.

What is Ormat Technologies’ revenue?

Ormat Technologies disclosed revenue of 734M USD for 2022 and 663M USD for 2021.

How many employees does Ormat Technologies have?

Ormat Technologies has 1,402 employees.

What sector is Ormat Technologies in?

Ormat Technologies is an utilities company.

When was Ormat Technologies founded?

Ormat Technologies was founded in 1965.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Ormat Technologies

Ormat Technologies, Inc.

6140 Plumas Street,
Reno, Nevada 89519
United States,
(775) 356-9029
www.ormat.com

Ormat Technologies owns, operates, designs, manufactures and sells geothermal and REG power plants. Ormat Technologies was founded in 1965 and is based in Reno, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - 1 - - - 4
vol $145M $171M $316M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Terra-Gen Power LLC - Two Contracted Geothermal Assets 2021-05-24 171M USD Divestiture
, Nevada
U.S. Geothermal, Inc. 2018-01-24 110M USD Add-on Acquisition
Boise, Idaho · www.usgeothermal.com
Viridity Energy, Inc. 2017-01-03 35M USD Add-on Acquisition
Philadelphia, Pennsylvania · www.viridityenergy.com
Elcosa - Geotérmica Platanares Geothermal Project 2013-12-02 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (25%) - - -
Renewable Energy 1 (25%) 171M (54%) - -
Software 1 (25%) 35M (11%) - -
Utilities 1 (25%) 110M (35%) - -
Total 4 $316M - -

By Geo

State/Country Buy Value Sell Value
United States 4 316M - -
  Pennsylvania 1 35M - -
  Nevada 1 171M - -
  Idaho 1 110M - -
Total 4 $316M - -

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
Legal Deals
Norton Rose Fulbright
 1

Deal Values

buy # Total
$100M to $1B 2 $281M
< $100M 1 $35M
TOTAL $316M
Largest Terra-Gen Power LLC - Two Contracted Geothermal Assets
$171M (2021-05-24)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Utilities

Revenue

734   11% 2022
663   6% 2021
705   6% 2020
746   4% 2019
719   4% 2018
693   5% 2017
663   12% 2016
595   7% 2015
560   6% 2014
533   7% 2013
501   2012
(millions of USD) Show More Show Less

Employees

1,402

Established

1965

Public

NYSE: ORA

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